NEW YORK: US Treasury yields were higher on Monday, with the benchmark 10-year Treasury yield building on three straight weeks of gains on expectations the U.S. Federal Reserve will keep interest rates at higher levels for longer than initially anticipated. Chicago Fed President Austan Goolsbee said on Monday that inflation remaining entrenched above the central … Read more
New Delhi: The US Federal Reserve is set to kick start its two-day policy review later in the day. Thus, all eyes are on the quantum of the rate hike the US central bank may go with, this time. A 75 basis point rate hike is what the consensus was looking at a few days … Read more
NEW DELHI: If there’s a recession in the US economy, can Indian IT services continue to bloom? That’s the question haunting investors in IT stocks ever since the US media started talking about the possibility of a recession. Even when the US Fed Chair Jerome Powell tried to soothe nerves by saying that “we’re not … Read more
US President Joe Biden’s coming decision of whether to reappoint Federal Reserve Chair Jerome Powell after his term expires in February or hand the reins to somebody else will arrive at a critical juncture for the central bank. Progressive Democrats want the Fed to take on a more expansive role in the economy, by beefing … Read more