The Latest Breaking News from US Federal Reserve

Federal Reserve Bank of New York executive Lorie Logan will become the 13th president of the Dallas Fed and its first female chief following a seven-month search.

Philip Jefferson will become the fourth Black man to join the Fed board after the Senate confirmed him with strong bipartisan support.

NEW DELHI: The see-sawing rupee has given Indian investors a tough time in the past few days. On Monday, the rupee slumped by 54 paise to close at a record low of 77.44 against the US dollar.

The U.S. equity market has been in correction mode lately on concerns over the Fed’s hawkish stance in fighting decades-high inflation and geopolitical issues. Furthermore, many analysts expect the economy to slip into recession. Therefore, we think it could be wise to bet on high-dividend-yielding stocks Sibanye Stillwater (SBSW), ING…

The stock market has witnessed a massive sell-off lately on concerns over the Fed’s aggressive interest rate hikes to fight the decade-high inflation. Many analysts expect the economy to slip into recession due to the Fed’s monetary policy tightening. Since the medical device industry is known to be one of…

NEW DELHI: Global inflationary pressures are being faced by all economies alike. The surge in prices of key commodities has spiked more markedly and is persistent in most economies than anticipated, especially at a time when they are recovering from slowdown caused by Covid pandemic in the last 2 years.

The SPDR S&P 500 ETF Trust SPY (NYSE: SPY) traded lower by 0.6% on Wednesday morning after the Labor Department reported an 8.3% increase in the consumer price index in the month, indicating inflation remains near 40-year highs.