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#US Federal Reserve
pharosproject · 1 year
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Federal Reserve stuck between a rock and a hard place
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US Federal Reserve | FED | fed funds rate | Fed Impact |fed rate like | fed rate hike |fed interest rate hike | fed news
US Federal Reserve increases 0.25% in Fed Rate, tomorrow Indian Stock Market will be engaged Fed Rate Hike: Once again the US Federal Reserve has raised the Fed rate by 25 basis points on Wednesday। It will also affect the Indian stock market. US Federal Reserve hiked Fed Rate: The US Federal Reserve on Wednesday raised the Fed rate to 25 basis points। Since this announcement, the interest rate…
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usanewsology · 1 year
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RBI should pause, think about decoupling from Fed: Soumya Kanti Ghosh - Times of India
KOLKATA: The RBI should ‘pause and think’ if it can continue mirroring the US Federal Reserve ‘stroke-by-stroke’ in terms of rate hikes or decouple from the American central bank, SBI group chief economic adviser Soumya Kanti Ghosh said.Ghosh said he does not see an end to the rate hike cycle of the Fed in the short-term, which makes a case for the RBI to contemplate about decoupling.“My point is…
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kotakblog · 2 years
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RBI might hike rate by 50 bps, recession ‘very unlikely’
By Kotak Editorial Team
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Last Wednesday, the US Federal Reserve increased its benchmark rate by 75 basis points. This is the third time the Fed has hiked the federal funds rate by 75 basis points this year. It now stands at 3-3.25%, the highest since January 2008. Retail inflation in the US is at a record high. With this, the Indian central bank’s monetary policy committee is likely to raise interest rates by 50 bps, says Kotak AMC’s Lakshmi Iyer and reveals what it means for the Indian economy.
Continue reading…
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timesofocean · 2 years
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The central banks worldwide struggle to tame high inflation
New Post has been published on https://www.timesofocean.com/the-central-banks-worldwide-struggle-to-tame-high-inflation/
The central banks worldwide struggle to tame high inflation
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New York (The Times Groupe)- In the midst of the ongoing Russia-Ukraine war, an increase in energy and food prices, and other issues, central banks are looking for ways to escape the high inflation swamp. interest rate
Since the beginning of the war on Feb. 24, prices of commodities such as wheat, corn, and sunflower oil have increased dramatically, resulting in disruption of the global economic recovery. energy and food
According to the UN’s Food and Agriculture Organization (FAO), food prices increased 22.9% annually in May, with vegetable oil prices rising 31.1%, cereal prices rising 29.7%, dairy prices rising 16.9%, sugar prices rising 15.4%, and meat prices rising 13.6%.
In addition, energy prices continued to contribute to historically high inflation rates.
In January, Brent crude oil was around $93 a barrel, but hit $100 after the war began the following month. In May, it fluctuated between $102 and $114.
The price of natural gas on the New York Stock Exchange almost tripled in May compared to the same month last year.
Amid the frightening price developments, central banks and economic institutions have attempted to dampen inflation.
Inflation rates
The European Union’s annual inflation rate hit a historical high of 8.8% in May, up from 8.1% in April.
The rate was 8.1%, up from 7.4% in April, in the eurozone.
Among European countries, Estonia posted the highest annual inflation rate at 20.1%, followed by Lithuania at 18.5%, Latvia stood at 16.8%, Czechia with 15.2% and Bulgaria came in at 13.4%.
The lowest in the EU were in Malta and France at 5.8% apiece, and Finland at 7.1%.
Among major European economies, Germany posted its highest inflation rates since 1974 at 7.9%, while France‘s rate was its highest since September 1985.
Italy’s was its highest since November 1990.
Other European countries also posted historical high rates, such as Belgium at a 40-year-high and Portugal soaring to a 29-year-high.
The UK posted a huge inflation rate in May at 9.1%, the highest in the last 40 years.
In the US, consumer prices increased 8.6% in May on an annual basis, the highest increase since December 1981.
The annual inflation rate in Canada was 7.7%.
In Asia, China posted an annual inflation rate of 2.1% in May, while the rate was 7.04% in India and 2.5% in Japan.
Singapore’s annual core inflation rate was 3.6% in May, its highest since December 2008.
The annual inflation rate was 17.1% in Russia last month and 18% in Ukraine.
Turkey’s was 73.5% in May.
Measures
In May, the US Federal Reserve raised its benchmark interest rate by 75 basis points, the biggest increase in 28 years, to 1.5% – 1.75%.
The Bank of England raised rates for the fifth consecutive month to 1.25%, from 1%, in May.
The Bank of Canada raised its policy interest rate by 50 basis points.
Australia’s central bank raised the cash rate by 50 basis points to 85.
Norway’s central bank raised rates by 50 basis points, marking the biggest single rate hike since 2002.
But some banks decided to keep rates unchanged such as Türkiye, Japan and the European Central Bank.
Despite expectations, the European Central Bank kept interest rates constant but gave a strong signal of a rate hike in July. energy and food
Japan’s central bank decided to maintain its ultra-low interest rates, at minus 0.1% for short-term and 0% for the long-term.
The Turkish Central Bank kept its one-week repo rate unchanged at 14% in line with market expectations. Russia-Ukraine war Russia-Ukraine war
Meanwhile, Russia’s central bank cut its key interest rate by 150 basis points to 9.5%.
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reportwire · 2 years
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US rate hike inflicts pain on Kenyan investors, firms
US rate hike inflicts pain on Kenyan investors, firms
Capital Markets US rate hike inflicts pain on Kenyan investors, firms Monday June 20 2022 Securities trader Mbuthia Irungu at Nairobi Securities Exchange (NSE) trading floor at the Exchange building in Nairobi on August 26, 2020. PHOTO | SALATON NJAU | NMG Aggressive interest rate rises by major central banks in the developed world are causing pain to Kenya’s businesses, households and…
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flixmonn · 2 years
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The price of gold has risen by 1.5 % in the last week, and the US Federal Reserve is expected to meet this week.
The price of gold has risen by 1.5 % in the last week, and the US Federal Reserve is expected to meet this week.
The gold market had a non-significant week as market participants remained cautious ahead of the US Federal Reserve’s announcement next week. For the majority of the week, the price remained in a narrow range about $1850/oz, but a late Friday rise enabled the bullion gain roughly 1.5 %. Gold prices have risen significantly from their lows in mid-May. Gold recovered from its lows thanks to…
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indizombie · 2 years
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If foreign investors pull out of Indian equities, Indian currency depreciates, leading to a sharp decline in equity markets. Foreign investors have already pulled out over ₹6,400 crore from the Indian equity markets in the first four trading sessions of May when the Reserve Bank of India (RBI) and US Federal Reserve raised interest rates. Given the headwinds in terms of elevated crude oil prices, inflation, and monetary tightening (also known as Quantitative Tightening), market volatility is expected to remain high as foreign investors could continue to withdraw funds.
‘SIMPLY PUT: Why Is The Rupee Falling And How It Affects Your Food, Education, Healthcare And Other Expenses’, Business Insider India
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hommeyflix · 2 years
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MEMORIAL DAY
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This day is to honor and commemorate the brave people who gave their lives so that we may be able to celebrate and enjoy our freedoms today.             Let us all take a moment to give thanks to these heroes who sacrificed everything so that we may experience these freedoms & liberties
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certaincollections · 2 years
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When the economy begins to falter, the default course of action is for the Federal Reserve to cut interest rates. This is usually great for some folks but not very great for people with large cash reserves parked in CDs or savings accounts.
Adding insult to injury, the desperate rate cuts have, at best, had only a negligible effect on halting the economic downturn.
As of this writing, I see some credit card companies lower their credit limits, often without notifying their customers in advance. Another intriguing thing is that, despite historically low-interest rates, banks are avoiding even a whiff of risk and being unusually tight-fisted with loans. Recently, I have heard of seasoned investors with outstanding credit being turned away by conventional lenders.
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