The report described the labor market as being in 'solid shape', with jobs growing at a 'moderate' pace and the unemployment rate low
Waller said economic data show GDP growth and inflation are running close to the central bank's targets
The Nifty IT index fell over 1 per cent, dragged by OFSS, LTIMindtree, Coforge, Tech Mahindra, Persistent and Mphasis falling up to 3.2 per cent
The US economy is mostly in good shape but that isn't saving Federal Reserve chair Jerome Powell from a spell of angst. As the Fed considers its next moves during a two-day meeting this week, most economic data looks solid: Inflation has been steadily fading, while the unemployment rate is still a historically low 4.2%. Yet President Donald Trump's widespread tariffs may push inflation higher in the coming months, while also possibly slowing growth. With the outlook uncertain, Fed policymakers are expected to keep their key interest rate unchanged on Wednesday at about 4.4%. Officials will also release a set of quarterly economic projections that are expected to show inflation will accelerate later this year, while unemployment my also tick up a bit. The projections may also signal that the Fed will cut its key rate twice later this year, economists say. The prospect of higher inflation would typically lead the Fed to keep rates unchanged or even raise them, while rising unemployme
The price of 22-carat gold also fell ₹10, with ten grams of the yellow metal selling at ₹91,290
The rupee fell 0.47 per cent intraday amid rising India-Pakistan tensions and a stronger dollar index, before recovering partially on likely RBI-backed intervention
10 year govt bond yield fall 23 bps in April
The prospect of high inflation stemming from widespread tariffs along with weaker hiring could put the Federal Reserve in a difficult spot, Fed policymakers said in minutes from last month's meeting. The minutes, released Wednesday, said that the Fed could keep its benchmark interest rate unchanged if inflation remained stubbornly elevated. And they said it could cut its rate if growth slowed and unemployment rose. The minutes were for the Fed's March 18-19 meeting. But if both happened at the same time, the Fed may face difficult tradeoffs, some of the 19 officials on the central bank's interest-rate setting committee said. Rising unemployment can often lead to a recession, when the Fed would normally slash its key rate to support more borrowing and spending and stimulate the economy. Yet Fed officials would likely be reluctant to cut if inflation rose, because it usually seeks to cool higher prices by keeping its key rate unchanged or even raising it if necessary. The minutes ..
Powell further said that he is not going to leave the chairmanship of the central bank before his term comes to an end. "I fully intend to serve all of my term," he said
Unemployment rate for college graduates has risen faster than for other workers in recent years
The price of 22-carat gold fell Rs 10, with ten grams of the yellow metal selling at Rs 82,140
On tariffs, prognosticators are struggling to understand the logic and legal basis behind Trump's so-called "reciprocal tariff" plan set for April 2
The price of 22-carat gold rose Rs 10, with ten grams of the yellow metal selling at Rs 83,110
The price of 22-carat gold rose Rs 10, with ten grams of the yellow metal selling at Rs 82,910
The price of 22-carat gold rose Rs 10, with ten grams of the yellow metal selling at Rs 82,510
The price of 22-carat gold rose Rs 10, with ten grams of the yellow metal selling at Rs 81,210
The price of 22-carat gold fell Rs 10, with ten grams of the yellow metal selling at Rs 80,190Gold price today, Gold price, silver price, gold, silver, Chennai, Delhi, Bengaluru, Kolkata, Mumbai, Hyde
US Department of Justice stated that on February 4, 2020, in response to questioning by the FRB-OIG, Rogers lied about his accessing and passage of sensitive information and his associations
The price of 22-carat gold also rose Rs 10, with ten grams of the yellow metal selling at Rs 75,960
The price of 22-carat gold fell Rs 10, with ten grams of the yellow metal selling at Rs 75,090