By Matthew Boesler Federal Reserve officials left their benchmark interest rate unchanged near zero as they flagged a moderating U.S. recovery and reiterated a pledge to use all available tools to support the economy during the coronavirus pandemic. The central bank’s policy-making body also repeated it would maintain its bond-buying program at the current pace … Read more
Federal Reserve Chair Jerome Powell is expected to maintain the central bank’s aggressive support of the US economy, despite having spied “light at the end of the tunnel” from the Covid-19 pandemic. The Federal Open Market Committee is all but certain to hold interest rates near zero at the conclusion of its two-day policy meeting … Read more
Mumbai: Shaktikanta Das is no Alan Greenspan. In 2002, the legendary former Fed chair said: “It was very difficult to definitively identify a bubble until after the fact – that is, when its bursting confirmed its existence.’’ Come 2021, this is what the Reserve Bank of India (RBI) Governor Shaktikanta Das had to say: “The … Read more
Synopsis Macroeconomic textbooks are replete with examples. We saw this play out between President Donald Trump and the US Federal Reserve, and former finance minister P Chidambaram and Reserve Bank of India (RBI). Yes, on rare occasions, as during the 2008 crisis and during 2020, when pandemic-induced restrictions virtually brought economic activity to a standstill, … Read more
Mumbai: Global economies and the capital markets across the world saw “once in a century” swings but 2021, is all set to bring in normalcy, a Morgan Stanley research said Friday. Global equities and economies saw a drastic fall this year as Covid pandemic and lockdowns implemented in many large economies including India. Next year, … Read more
By David Randall NEW YORK: U.S. small caps joined in the broad market rally in the days after Election Day as investors priced in the likelihood of a divided Washington with Democrat Joe Biden president and Republicans maintaining their Senate majority. Yet some investors and analysts warned that smaller companies may lose steam as the … Read more
Former Nagaland governor and ex-CBI chief Ashwani Kumar, who died by suicide on Wednesday, talked about a new journey in his suicide note, the police said. The ex-IPS officer’s body was found hanging at his residence in Brakhast, Shimla. Ashwani Kumar, who served at several high-ranking posts through his career, was ‘fed up with life’. … Read more
NEW DELHI: Gold and silver prices hovered around the flatline in Wednesday’s trade ahead of the US Federal Reserve’s policy outcome while continuous jump in Covid-19 cases helped the demand in bullion counters. Later in the day the Fed will conclude its first meeting since adopting a more accommodative approach to inflation and pledging to … Read more
By Ranjeetha Pakiam Gold will extend its record-setting rally on “massive currency debasement” and expectations for further stimulus, according to SkyBridge Capital, which recently added exposure to the metal after exiting in 2011. “When you think of currency debasement the question is, what is the dollar going to weaken against, and when you look around … Read more