Page 70 - Us Fed News Today

The dollar surged this month against its peers in developed and emerging nations as persistently high inflation in the US bolstered bets for more aggressive Fed rate hikes

The benchmark indexes hit a low milestone on Wednesday as the Sensex fell 263 points ahead of the US Federal Reserves decision on monetary policy. The closing values of the BSE Sensex and NSE Nifty were approximately 59,450 points and 17,700 points, respectively, down about 0.5 percent.

The Central Bank of the UAE (CBUAE) has decided to raise the Base Rate applicable to the Overnight Deposit Facility (ODF) by 75 basis points – from 2.4% to..

Oil prices fell on Wednesday after the US Federal Reserve delivered another hefty rate hike to quell inflation, but that may also reduce economic activity...

Gold prices in India were down to Rs 50,200 for 24-carat gold (10 grams), while for 22-carat gold (10 grams) it was Rs 45,850. Silver prices were trading at Rs 56,700.

India continues to outperform other global economies thanks to its sustained macroeconomic stability.

Foreign investors pumped Rs 12,000 crore into the Indian equity market so far this month on hopes that global central banks, particularly the US Fed, may go slow on rate hikes as inflation starts to cool off.

Gold, silver prices today: On September 15, gold was trading at Rs 46,540 per 10 gram for 22 carats, while 24-carat was available at Rs 50,770 per 10 gram. The silver prices showed some improvement and were up to Rs 57,000

The People’s Bank of China is right to try to manage the pace of the currency’s drop – but not reverse its direction – to prevent shocks to the system.

Oil prices inched lower on Wednesday on concerns of another U.S. Federal Reserve interest rate hike next week after consumer prices unexpectedly rose in August, outweighing support from a robust OPEC oil demand growth forecast.