Federal Reserve Chair Jerome Powell announced that the US central bank will be keeping its interest rates unchanged for now, citing inflation levels which fall above Fed’s 2 per cent target and a solid job market. Speaking before the Senate Banking Committee on the first of a two-day testimony, Powell hinted that the central bank…
Ms. Harris suggests that her clients try “Frugal February” — avoiding discretionary spending and impulse purchases, and putting the money toward debt reduction or savings — because it’s a short month, and people often stay home anyway because of cold weather. The steps can be small, she said, like watching a movie on a streaming…
Less than six months ago, Federal Reserve officials were wringing their hands about the state of the labor market. No major cracks had emerged, but monthly jobs growth had slowed and the unemployment rate was steadily ticking higher. In a bid to preserve the economy’s strength, the Fed took the unusual step of lowering interest…
MUMBAI: RBI’s monetary policy committee began its meeting on Wed and is expected to end its longest pause with a rate cut on Friday, the first in nearly five years.The last rate cut was in May 2020 when RBI lowered the repo rate to 4% to support the economy during the Covid-induced lockdown. It later…
Last Updated:February 02, 2025, 08:51 IST During the Monetary Policy Committee meeting on February 7, the RBI is expected to decide on a cut in repo rates. These banks updated their interest rates on fixed deposits in January. At the Monetary Policy Committee (MPC) meeting on February 7, the Reserve Bank of India (RBI) is…
You can still get your tax refund sent to your checking account, say, and then use the money to buy digital I bonds via TreasuryDirect. What’s going away is the ability to fill out a special form with your tax return and have the paper bonds bought with your refund. The change was quietly announced…
High inflation is stoking fresh debate about how the Federal Reserve should respond to President Trump’s sweeping plans to reorder the world economy through tariffs, leading to questions about whether old playbooks still apply. On Saturday, Mr. Trump is poised to impose 25 percent tariffs on imports from Mexico and Canada as well as an…
The 119th Congress began, as it so often has in recent years, with calls from Republican politicians for wrestling down the national debt, which is near a record level relative to the size of the economy. But this time, the G.O.P. had company: Progressive economists and budget wonks, who have often dismissed finger-wagging about debt…
The Federal Reserve kept its benchmark lending rate unchanged at between 4.25 percent and 4.50 percent on Wednesday, despite pressure from President Trump for further cuts in the first rate decision following his return to office.The central bank said that the unemployment rate has “stabilized at a low level in recent months, and labor market…
The Federal Reserve is expected to keep its key rate steady on Wednesday, after a series of cuts that lowered rates by a full percentage point last year. And with inflation ticking slightly higher, economists do not expect another cut for a while, which has implications for rates on credit cards, home equity and other…
