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Fed holds off on rate cuts as inflation risks outweigh Trump pressure

Powell and other Fed officials said they expected price increases to quicken this summer

Fed holds off on rate cuts as inflation risks outweigh Trump pressure
Updated On : 18 Jul 2025 | 6:22 PM IST

Gold heads for weekly dip as platinum surges to near 11-year high

The dollar is down 0.4 per cent for the day, but is headed for a second straight weekly rise. A stronger dollar tends to make gold expensive for buyers holding other currencies

Gold heads for weekly dip as platinum surges to near 11-year high
Updated On : 18 Jul 2025 | 4:03 PM IST

Asian shares track Wall Street higher, yen weak ahead of Japan vote

Overnight, the S&P 500 and the Nasdaq again closed at record highs as US data including retail sales and jobless claims beat forecasts, indicating a modest improvement in the economy

Asian shares track Wall Street higher, yen weak ahead of Japan vote
Updated On : 18 Jul 2025 | 8:32 AM IST

Not planning to fire Federal Reserve Chair Jerome Powell, says Trump

Trump is open to the idea of firing Powell, a source told Reuters on Wednesday before Trump said he wouldn't, even as he unleashed a new barrage of criticism against the Fed chair

Not planning to fire Federal Reserve Chair Jerome Powell, says Trump
Updated On : 16 Jul 2025 | 11:30 PM IST

Formal process to replace Fed Chair Powell underway: US Treasury Secy

US Treasury Secretary Scott Bessent says a formal process to find Jerome Powell's successor as Fed Chair has begun and suggests Powell should step down entirely after his term ends in May 2026

Formal process to replace Fed Chair Powell underway: US Treasury Secy
Updated On : 15 Jul 2025 | 6:44 PM IST

Trump says Powell should 'resign immediately if Congress misled'

Trump reiterated his criticism of the Fed chair in a Cabinet meeting Tuesday, calling Powell "terrible," and telling reporters that deceiving Congress would be grounds for a swift exit

Trump says Powell should 'resign immediately if Congress misled'
Updated On : 08 Jul 2025 | 11:09 PM IST

Best of BS Opinion: Post-Op Sindoor, India must plan five years ahead

Today's articles revolve around the idea of succession, whether it's the US Federal Reserve's chief, a Pak army chief, or the Dalai Lama

Best of BS Opinion: Post-Op Sindoor, India must plan five years ahead
Updated On : 05 Jul 2025 | 6:15 AM IST

Goldman Sachs increases forecast for Fed rate cut to three in 2025

Citigroup and Wells Fargo also expect the Fed to cut rates by 75 basis points in 2025, while UBS Global Research forecasts 100 basis points of reduction

Goldman Sachs increases forecast for Fed rate cut to three in 2025
Updated On : 01 Jul 2025 | 2:50 PM IST

World economy faces 'pivotal moment': Bank for International Settlements

The post-Covid spike in inflation seems to have had a lasting impact on the public's perception about price moves too, a study in the report showed

World economy faces 'pivotal moment': Bank for International Settlements
Updated On : 29 Jun 2025 | 11:06 PM IST

Trump slams Powell, says he'll pick a Fed chair who wants to cut rates

Trump has unleashed a pressure campaign on the central bank to cut rates, repeatedly assailing Powell and arguing the Fed's policies are keeping government borrowing costs too high

Trump slams Powell, says he'll pick a Fed chair who wants to cut rates
Updated On : 28 Jun 2025 | 7:51 AM IST

Markets hit 9-month closing highs on Fed rate cut hopes, weak dollar

The BSE Sensex ended the day at 83,756, a gain of 1,000 points or 1.2 per cent. The Nifty 50 finished the session at 25,549, up by 304 points or 1.2 per cent

Markets hit 9-month closing highs on Fed rate cut hopes, weak dollar
Updated On : 27 Jun 2025 | 12:06 AM IST

Graduates face toughest job market in more than decade as hiring slows

While completing a master's degree in data analysis, Palwasha Zahid moved from Dallas to a town near Silicon Valley. The location made it easy to visit the campuses of tech stalwarts such as Google, Apple, and Nvidia. Zahid, 25, completed her studies in December, but so far she hasn't found a job in the industry that surrounds her. It stings a little bit, she said. I never imagined it would be this difficult just to get a foot in the door. Young people graduating from college this spring and summer are facing one of the toughest job markets in more than a decade. The unemployment rate for degree holders ages 22 to 27 has reached its highest level in a dozen years, excluding the coronavirus pandemic. Joblessness among that group is now higher than the overall unemployment rate, and the gap is larger than it has been in more than three decades. The rise in unemployment has worried many economists as well as officials at the Federal Reserve because it could be an early sign of trouble

Graduates face toughest job market in more than decade as hiring slows
Updated On : 26 Jun 2025 | 11:49 PM IST

We can wait and see course of economy before going for rate cut: Powell

The Federal Reserve will continue to wait and see how the economy evolves before deciding whether to reduce its key interest rate, Chair Jerome Powell said on Tuesday, a stance directly at odds with President Donald Trump's calls for immediate cuts. For the time being, we are well positioned to wait to learn more about the likely course of the economy before considering any adjustments to our policy stance, Powell said in prepared remarks he will deliver early Tuesday before the House Financial Services Committee. Powell is facing two days of what could be tough grilling on Capitol Hill, as Trump has repeatedly urged the Fed to reduce borrowing costs. Powell has often received a positive reception before House and Senate committees that oversee the Fed, or at least muted criticism. Powell has also often cited his support in Congress as a bulwark against Trump's attacks, but that support could wane under the president's ongoing assaults. Trump lashed out again in the early hours of

We can wait and see course of economy before going for rate cut: Powell
Updated On : 24 Jun 2025 | 11:17 PM IST

Rate cuts can wait as Fed monitors inflation from tariffs, says Powell

In his prepared testimony Powell said the economy remains in a "solid position," with low unemployment and inflation far below its pandemic-era peak

Rate cuts can wait as Fed monitors inflation from tariffs, says Powell
Updated On : 24 Jun 2025 | 10:02 PM IST

Fed must prepare to act swiftly if economic data starts going sideways

Given all of the uncertainty, Powell is right to stay in wait-and-see mode, but he can't linger there too long once the data breaks

Fed must prepare to act swiftly if economic data starts going sideways
Updated On : 20 Jun 2025 | 11:07 PM IST

US Fed keeps rates steady for 4th straight meeting, remains open for cuts

US Federal Reserve decided on Wednesday to keep interest rates unchanged, while indicating that reductions could still be on the table in the second half of the year

US Fed keeps rates steady for 4th straight meeting, remains open for cuts
Updated On : 19 Jun 2025 | 12:36 AM IST

Fed pause leaves Wall Street guessing when rate cuts might finally come

A fourth straight meeting without a cut could provoke another tirade from President Donald Trump

Fed pause leaves Wall Street guessing when rate cuts might finally come
Updated On : 16 Jun 2025 | 8:18 AM IST

Trump urges Fed to cut rates by 1% after May inflation data release

Donald Trump called the May Consumer Price Index a 'great' number and wrote on Truth Social that the "Fed should lower one full point

Trump urges Fed to cut rates by 1% after May inflation data release
Updated On : 11 Jun 2025 | 10:33 PM IST

Jerome Powell too slow to lower borrowing costs: Trump on US Fed rate cut

The Fed last September did reduce rates by a half of a percentage point, after a faster-than-expected decline in inflation and a marked slowdown in the labor market

Jerome Powell too slow to lower borrowing costs: Trump on US Fed rate cut
Updated On : 06 Jun 2025 | 9:43 PM IST

Stock Market close highlights: Sensex up 320 pts, Nifty at 24,833; Metal, Realty indices gain 1%

Sensex Today | Stock Market close highlights, Thursday, May 29, 2025: On the sectoral front, barring FMCG and PSU Banks, all other sectoral indices settled in green

Stock Market close highlights: Sensex up 320 pts, Nifty at 24,833; Metal, Realty indices gain 1%
Updated On : 29 May 2025 | 3:51 PM IST