Federal Reserve
| March 12, 2024, 6:55 a.m.
Asian Stocks Steady Ahead of U.S. Inflation Data; BOJ Policy Speculation Rises
Asian stocks remained relatively stable on Tuesday as investors awaited the influential U.S. inflation report. Japanese shares experienced a decline while the yen strengthened amid growing expectations that the Bank of Japan (BOJ) might consider scaling back its ultra-easy monetary policy. Gold prices hovered just below their record peak, and the dollar remained steady as traders awaited the U.S. consumer price index report to gauge the Federal Reserve's potential actions.
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Fedral Reseve Bank | United States
| July 27, 2023, 11:31 a.m.
Federal Reserve Raises Interest Rates for the 10th Consecutive Time Amidst Soaring Inflation
In response to the persistent surge in inflation gripping the nation for over a year, the Federal Reserve's policy-making committee has implemented its 10th consecutive interest rate hike. Despite acknowledging the limitations of interest rates as economic tools, Fed Chairman Jerome Powell aims to tame the overheated economy and curb inflation through these rate increases. However, experts are divided over the actual impact of the rate hikes, with some industries, like auto sales and housing, already feeling the effects. As the Fed monitors inflation and job reports, they are cautious about the economic landscape's uncertainties and plan to assess the effectiveness of their measures before their next decision in September.
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Highlights of India Budget 2024: Finance Minister announces 2 crore more houses under Pradhan Mantri Awas Yojana – Gramin (PMAY-G) . No changes to income tax slabs.
Budget 2024 Key Highlights: Fiscal deficit target for 2024-25 at 5.1% of GDP; no changes to income tax slabs
No Major Tax Changes in Interim Budget, Focus on Growth
Fiscal Deficit Target Lowered to 5.8% in Interim Budget
Infrastructure, Digital Push to Drive Growth in Interim Budget
Education Sector Seeks Higher Allocation, NEP Implementation in Budget
Sitharaman Presents Interim Budget, Focuses on Fiscal Consolidation and Growth
Sitharaman's Last Budget Before 2024 Elections Focuses on Rural India
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