Powell Says He Will Remain as Fed Chair Until Successor Is Confirmed
Jerome H. Powell, who leads the central bank, also said he would not leave the Fed until a criminal investigation into his handling of renovations was over. Source link
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Market rebound or relief rally: Sensex gains nearly 3,000 points in three days; should investors stay cautious?
Indian equity benchmarks continued their upward move for a third straight session on Wednesday, with the BSE Sensex adding nearly 3,000 points over the past three trading days, prompting debate on Dalal Street over whether the recent recovery marks a sustainable bottom or just a short-term bounce, according to an ET report.The NSE Nifty ended…
Here are five takeaways from the Federal Reserve meeting.
Here are five takeaways from the Federal Reserve meeting. Source link
New national highway Rules: Skip toll payment, pay double after 72 hours
NEW DELHI: Failure to pay user fee because of faulty FASTag or for low balance in the tag while crossing a barrier-less plaza on NH network will cost you double, if you don’t pay the user charge within 72 hours, as per a govt notification. Similarly, if the tolling agency fails to examine and dispose…
F.D.A. Investigates 7 E. Coli Illnesses as Raw Dairy Farm Denies Any Link
The outbreak has sickened people in California, Texas and Florida. The agency said Cheddar cheese products from Raw Farm are “the likely source,” but the company denies it and has not recalled them. Source link
FOMC policy meeting: Jerome Powell-led US Federal Reserve keeps interest rates unchanged; flags ‘uncertainty’ related to impact of Iran war
Jerome Powell (AP file photo) US Federal Reserve policy: Jerome Powell-led Federal Open Market Committee (FOMC) on Wednesday kept interest rates unchanged within the 3.50%-3.75% band. “In support of its goals, the Committee decided to maintain the target range for the federal funds rate at 3‑1/2 to 3‑3/4 percent. In considering the extent and timing…
Federal Reserve holds interest rates steady as Iran war upends the economic outlook.
Most officials at the U.S. central bank still expect at least one quarter-point cut to interest rates this year. Source link
Direct tax collections rise 7.1% to Rs 22.8 lakh crore till March 17; corporate tax drives growth
India’s net direct tax collection increased 7.1 per cent to about Rs 22.8 lakh crore till March 17 in the current financial year, aided by higher corporate tax mop-up and slower refund outgo, according to official data released on Wednesday.Data shared by the Income Tax Department showed that net corporate tax collection grew by around…
Two Measures, Two Stories About Inflation
The Federal Reserve must contend with price readings that seem headed in opposite directions. Source link
Us Petrol Prices Rise: ‘To mitigate short-term disruptions’: Donald Trump suspends Jones Act for 60 days as Iran war drives up US fuel costs – what it means
File photo: US President Donald Trump (Picture credit: AP) US President Donald Trump has temporarily waived the century-old Jones Act for 60 days in a bid to ease rising energy costs in the United States, after the US-Israeli war with Iran sent oil markets sharply higher and pushed up petrol prices.As per news agency AFP,…