Jerome Powell

Nifty hits all-time high, surpassing 25,000

India's benchmark index Nifty 50 opened at a record high on Thursday, crossing the 25,000 milestone for the first time. The Nifty gained 92.15 points to 25,030.95, while the Sensex added 208.34 points, or 0.25 percent, to 81,949.68. Maruti Suzuki, JSW Steel, Hindalco Industries, Coal India, and Tata Motors emerged as top performers, while Mahindra & Mahindra, BPCL, Infosys, Ultratech Cement, and Sun Pharmaceutical Industries were among the laggards. Broad market indices on the NSE maintain...

June 13, 2024 11:23 AM

Fed leaves rates unchanged, sees only one 2024 cut despite inflation progress

The Federal Reserve held interest rates steady on Wednesday and pushed out the start of rate cuts to perhaps as late as December as policymakers sketched out their view of an economy that remains virtually unchanged across its major dimensions for years to come. With growth and unemployment lodged at levels better than the U.S. central bank considers sustainable in the long run, Fed Chair Jerome Powell said policymakers were content to leave rates where they are until the economy sends a clear ...