Last Updated: Saturday, August 29, 2015, 22:26
Federal Reserve Vice Chairman Stanley Fischer warned Saturday that the US central bank will not wait for inflation to hit two percent before raising interest rates.
Last Updated: Saturday, August 29, 2015, 03:36
The US Federal Reserve on Friday left the door open to a September interest rate hike even while several central bank officials acknowledged that turmoil in financial markets, if prolonged, could delay monetary policy tightening.
Last Updated: Saturday, August 29, 2015, 02:21
US stocks ended a rocky week on a muted note Friday, with the Dow dipping and Nasdaq advancing as fears about a global economic slowdown due to China tested sentiment.
Last Updated: Friday, August 28, 2015, 10:53
The recent market swoons follow a series of other shocks - crashing oil prices, weakness in Europe, the constant deflation threat in Japan - that have held down inflation globally.
Last Updated: Friday, August 28, 2015, 09:27
Gold was stuck near recent lows on Friday and was on track to post its biggest weekly drop in five as strong U.S. economic data backed the case for a near-term increase in interest rates.
Last Updated: Thursday, August 27, 2015, 16:03
According to the global financial services major, if markets price-in a Fed rate hike, it will get easier for the RBI to cut rates by 25 basis points on September 29.
Last Updated: Saturday, August 22, 2015, 23:45
Gold prices could rise above USD 1,200 an ounce in the next few months as fears of a currency war following the devaluation of the yuan make equity markets choppy, boosting physical gold and ETF buying, leading industry analysts said at a conference.
Last Updated: Thursday, August 20, 2015, 12:51
Spot gold has now recovered nearly 6 percent from a 5-1/2-year low of USD 1,077 reached in a late July rout.
Last Updated: Saturday, August 15, 2015, 09:37
The US industrial production rose for the second month in July, driven by surge in auto production, the Federal Reserve said.
Last Updated: Wednesday, August 12, 2015, 01:55
China's surprise move on Tuesday to devalue its currency has intensified concerns about the world's second-largest economy, whose growth has reached a six-year low.
Last Updated: Tuesday, August 11, 2015, 21:46
Even though forex reserves have touched all-time highs, RBI will continue to accumulate the same as it needs resources to fight another round of pressure on the rupee that may come with the Fed rate hike and also a surge in imports with the economic recovery, BofAML has said.
Last Updated: Monday, August 10, 2015, 06:30
Tokyo stocks opened 0.51 percent lower on Monday, following falls on Wall Street as a solid US jobs report raised expectations that the Federal Reserve will soon hike interest rates.
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