The Federal Reserve sought Wednesday to clarify a question that investors have been trying to determine: When it might start to raise short-term interest rates from record lows. (March 19).
The Federal Reserve sought Wednesday to clarify a question that investors have been trying to determine: When it might start to raise short-term interest rates from record lows. (March 19)
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Federal Reserve Chair Janet Yellen says the Federal Reserve remains patient in deciding when to raise interest rates because too many Americans remain unemployed, wage growth remains sluggish and inflation is running below the Fed's target. (Feb. 24)
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The Federal Reserve looks poised to cut interest rates for a second time Wednesday to help extend the economic expansion in the face of global weakness, President Donald Trump's trade war with China and geopolitical risks such as the attacks on Saudi Arabia's oil facilities. The modest rate cut the Fed announced in July _ its first in more than a decade _ left its benchmark short-term rate in a range of 2% to 2.25%. It also raised expectations that it would follow with up to three additional quarter-point rate cuts this year.
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The State Bank of India cut interest rates on deposits across all maturities on Monday but analysts said it would take time for the country's largest bank to make matching cuts in its lending rates.
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