Fed Official Urges Caution on Rate Cuts as Iran War Drags On
Christopher J. Waller, a Federal Reserve governor, said he would support rate cuts later this year if the labor market continued to weaken. Source link
Christopher J. Waller, a Federal Reserve governor, said he would support rate cuts later this year if the labor market continued to weaken. Source link
Border trade between India and China through the Lipulekh Pass in Uttarakhand’s Pithoragarh district will resume this year after remaining suspended for six years, officials said, according to PTI.District Magistrate Ashish Bhatgai said preparations have been initiated following directions from the Union government for the trade session, which typically runs between June and September. The…
The overall economy has proved resilient in recent years, even as many households have struggled. The war with Iran is following the same pattern. Source link
The price of bulk diesel sold to industrial users was hiked by about Rs 22 a litre on Friday, reflecting the spike in global oil prices amid conflict in the Middle-East, even as the rates of normal petrol and diesel remained unchanged.In Delhi, bulk or industrial diesel prices were raised from Rs 87.67 per litre…
President Trump has directed that most federal payments be issued electronically, including tax refunds. Last year nearly 10 million people got their refund via a paper check. Source link
India’s foreign exchange reserves declined by $7.052 billion to $709.759 billion in the week ended March 13, according to data released by the Reserve Bank of India (RBI) on Friday.In the preceding reporting week, the country’s overall reserves had dropped by $11.683 billion to $716.81 billion. The reserves had earlier touched an all-time high of…
Energy experts forecast more pain for consumers and businesses as the war in the Middle East shows no signs of easing. Source link
The rupee plunged by 82 paise, or nearly 1 per cent, to settle at an all-time low of 93.71 (provisional) against the US dollar on Friday, weighed down by persistent foreign fund outflows and a sharp rise in global crude oil prices amid mounting geopolitical tensions, PTI reported.Forex traders said the domestic currency remained under…
Recently released data from the Education Department showed that by the end of last year, 7.7 million borrowers had defaulted on $181 billion in federal student loans. Source link
Gold prices surged by Rs 1,914 to Rs 1.46 lakh per 10 grams in futures trade on Friday, tracking firm global trends amid improving sentiment following signs of easing geopolitical tensions in West Asia, PTI reported.On the Multi Commodity Exchange (MCX), gold contracts for April delivery climbed by Rs 1,914, or 1.32 per cent, to…