[ad_1] WASHINGTON – The Federal Reserve on Wednesday approved a much-anticipated interest rate hike that takes benchmark borrowing costs to their highest level in more than 22 years. In a move that financial markets had completely priced in, the central bank’s Federal Open Market Committee raised its funds rate by a quarter percentage point to … Read more
[ad_1] New Delhi: Some Subway India outlets have stopped serving tomatoes in their salads and sandwiches due to quality problems, the latest move by a foreign brand as prices of the staple have soared nearly 400% to record highs in the country. A Subway outlet at a Delhi airport terminal announced the “Temporary Unavailability of TOMATOES” … Read more
[ad_1] Union Minister for Petroleum and Natural Gas Hardeep Singh Puri at CNN-News18’s Delhi Town Hall on July 17, 2023. Speaking at CNN-News18’s Delhi Town Hall, Union Minister for Petroleum and Natural Gas Hardeep Singh Puri took a veiled dig at the opposition parties for spreading “false narrative” on inflation Union Minister for Petroleum and … Read more
[ad_1] MUMBAI: Food price spikes in India, typical at the onset of the monsoon, drove up headline inflation in June, corroborating the monetary policy committee’s (MPC) view that the fight against inflation is far from over, the Reserve Bank of India said on Monday.“Monetary policy has to stay the course on the arduous last leg … Read more
[ad_1] Germany entered a technical recession on May 25, and economists have predicted that GDP growth is set to stagnate for the rest of the year, painting a gloomy picture for Europe’s largest economy. Anadolu Agency | Anadolu Agency | Getty Images With Germany already in a technical recession, economists predict that GDP growth is … Read more
[ad_1] U.K. consumer prices across all items rose to 7.8% in May when compared to the previous year, the OECD said, up slightly from 7.8% in April. Mike Kemp | In Pictures | Getty Images LONDON — The U.K. is the only country among the Group of Seven wealthy nations where inflation is still rising, … Read more
[ad_1] Thanasis Zovoilis | Getty Callers who have sought help from the Social Security Administration in recent years have reported long wait times, dropped calls and inability to access the agency’s services. A new report from the Social Security Administration Office of the Inspector General finds the agency experienced more than 40 telephone system disruptions … Read more
[ad_1] Wall Street was mixed on Monday and crude prices rose as investors digested the aborted Russian mutiny over the weekend and wrestled with lingering concerns over the path of Federal Reserve monetary policy. The S&P 500 was modestly lower, while megacap momentum stocks pulled the tech-heavy Nasdaq to a sharper decline. The blue-chip Dow … Read more
[ad_1] Retail inflation currently in India is a notch above the ideal 4% target. (File) New Delhi: Reserve Bank of India Governor Shaktikanta Das on Thursday said bringing back inflation levels in India to the comfortable range is like a job half finished, adding that the fight against the price rise will have to be … Read more
[ad_1] NEW DELHI: Fitch Ratings on Thursday raised its forecast for India’s economic growth to 6.3 per cent for current fiscal year 2023-24 from 6 per cent it had predicted previously.This is primarily because of a stronger outturn in the first quarter and near-term momentum.The growth forecast compares with 7.2 per cent GDP expansion in … Read more