[ad_1] The US Federal Reserve on Wednesday, July 26, hiked its key interest rate by 25 basis point (bps), marking the 11th hike in the US central bank’s past 12 policy meetings. With this, the benchmark overnight interest rate has increased to 5.25 per cent-5.50 per cent, which is the highest level since 2001. “The … Read more
[ad_1] Last Updated: June 15, 2023, 00:23 IST Washington D.C., United States of America (USA) Near 1825 GMT, the Dow Jones Industrial Average fell 1.3 percent, while the Nasdaq lost 0.8 percent. The US central bank, as expected, opted to hold its benchmark lending rate between 5.0 percent and 5.25 percent Wall Street stocks retreated … Read more
[ad_1] Last Updated: April 19, 2023, 00:12 IST China’s economy grew by a faster than expected 4.5 percent in the first quarter while oil refinery throughput rose to record levels in March, data showed. (Image: Reuters File) Brent crude rose 49 cents, or 0.6 percent, to $85.25 a barrel by 12:48 p.m. ET, while U.S. … Read more