Tag: Federal Reserve

WASHINGTON: The Federal Reserve raised its benchmark overnight interest rate by three-quarters of a percentage point in an effort to cool the most intense...

Goldman Sachs economists said on Sunday they are skeptical of “insurance” U.S. interest rate decreases from the Federal Reserve to forestall possible slowing in U.S. economic growth due to global trade tensions.

The committee members forecast a median federal funds rate this year of 2.4 percent, down from the 2.9 percent forecast in December, and 3.1 percent in September.

HONG KONG: Asian markets fell on Monday, extending last week’s sell-off as another strong US jobs reading further fanned expectations the Federal Reserve will...

SINGAPORE: Oil prices dipped in Asia Thursday as traders took profits after costs hit a new high for the year in response to falling US crude production.

Six big US banks need to raise an additional $120 billion, most likely in long-term debt, under a rule proposed on Friday by the Federal Reserve.

SINGAPORE: The dollar extended gains against the euro in Asia on Monday ahead of the release of a closely watched report on the US labour market, analysts said.