Differences between the Center and the Reserve Bank of India over interest rate cuts and inflation targeting appear to be intensifying. On Tuesday, Chief Economic Advisor (CEA) V Anantha Nageswaran stated that retail inflation is largely driven by a few key commodities—namely tomato, onion, potato (TOP), gold, and silver. Excluding these items, he noted, the…
WASHINGTON — Federal Reserve officials are poised Thursday to reduce their key interest rate for a second straight time, responding to a steady slowdown of the inflation pressures that exacerbated many Americans and contributed to Donald Trump’s presidential election victory. Yet the Fed’s future moves are now more uncertain in the aftermath of the election,…
WASHINGTON — No one knows how Tuesday’s presidential election will turn out, but the Federal Reserve’s move two days later is much easier to predict: With inflation continuing to coolthe Fed is set to cut interest rates for a second time this year. The presidential contest might still be unresolved when the Fed ends its…
Fast-Moving Consumer Goods (FMCG) makers will be implementing a price hike for their Tea products due to inflationary pressures. “Inflation in tea prices continues and is up to 25 per cent. We will be taking calibrated price increases in Tea prices in the December quarter,” said Ritesh Tiwari, Chief Financial Officer of Hindustan Unilever Limited…
Mumbai, Oct 09 (ANI): Reserve Bank of India (RBI) Governor Shaktikanta Das delivers the Monetary Policy statement, in Mumbai on Wednesday. (ANI Photo) Photo Credit: ANI With the inflation closer to the 4 per cent target and growth sustaining its momentum, the RBI’s rate setting panel voted unanimously to change the monetary policy stance from…
WASHINGTON — The Federal Reserve on Wednesday cut its benchmark interest rate by an unusually large half-point, a dramatic shift after more than two years of high rates that helped tame inflation but also made borrowing painfully expensive for American consumers. The rate cut, the Fed’s first in more than four years, reflects its new…
India’s retail inflation fell to a near five-year low of 3.54 per cent in July. , Photo: Bloomberg 2 min read Last Updated : Aug 22 2024 | 8:52 PM IST India’s food inflation is likely to fall in the coming months thanks to good harvests after monsoon rains replenished water levels in reservoirs, according…
