Asian stocks rise following a Federal Reserve rate hike

After the Federal Reserve raised interest rates to their greatest level in more than two decades, as anticipated by Wall Street, Asian stocks were mostly higher on Thursday.

The focus of the market shifted to a decision by the European Central Bank later in the day and to whether Japan&...

The Rs. 2,000 note is being phased out of circulation but will remain valid currency until September 30.

A circular from the Reserve Bank of India dated May 19 announced the withdrawal of Rs 2,000 currency notes from circulation. The memo said that the notes will remain valid tender until September 30. According to the document, the RBI's "Clean Note Policy" necessitates the change. Th...

After the Federal Reserve signaled a prospective pause in rate hikes, mortgage demand surged.

After the chairman of the Federal Reserve suggested an end to an unprecedented string of interest rate increases, mortgage rates declined slightly last week. The decline was not substantial, but it was sufficient to increase demand among current homeowners seeking to refinance their mortgages at ...

Fed hikes rates, leaves the option of a tightening cycle halt

With what could be the last in a record run of interest rate hikes and a heightened focus on credit and other economic vulnerabilities, the Federal Reserve entered a new phase in its management of the post-pandemic economic recovery on Wednesday. As expected by the financial markets, the Federal ...

Ahead of the Fed's important rate decision, Japan's stock market rises about 2%, pacing Asia's advance.

As investors awaited the latest information on the U.S. Federal Reserve's rate hike decision, Asia-Pacific markets climbed on Wednesday. The Fed is attempting to balance its inflation fight and stem a banking crisis.

The Nikkei 225 in Japan led regional advances, rising 1.93 percent...

The Fed's aggressive approach has put Korea under duress.

The Korean won has dropped against the dollar after Powell's comments signaled the likelihood of future rate hikes. Signals of future rate hikes from the US Federal Reserve have weighed on the Korean economy, raising concerns about a widening gap between the key rates of the two nations, whic...

Strong U.S. employment statistics suggests the Federal Reserve will continue to tighten monetary policy, boosting the dollar.

On Thursday, the dollar gained ground as data showed rising labor costs and unemployment claims indicated the U.S. job market was still strong, both of which suggest the Federal Reserve needs to continue increasing interest rates to tame inflation.

As the market anticipates the Fed will...

Consumers are more upbeat about the here and now, but they expect inflation to rise in the near future.

The Federal Reserve's efforts to stem the rise in prices were given a complication boost on Friday by a crucial report from the University of Michigan that found consumer sentiment had improved in February but inflation expectations had increased.

Preliminary data for February show ...

After Powell's remarks, European stocks hit a nine-month high, as the dollar wobbles.

On Wednesday, global stocks soared and most currencies rallied against the dollar as investors perceived a dovish tone in comments from Federal Reserve Chair Jerome Powell, albeit an ECB policy change meant European bonds sat out the rally. MSCI's world stock index increased 0.3%, returning t...

The Fed has approved the smallest rate raise since March, in response to an improved inflation outlook.

The Federal Reserve unanimously authorized a quarter-point interest rate hike on Wednesday, reducing the pace of its increases in a clear hint that the central bank is making progress in its war against inflation. The decision, made at the conclusion of the Federal Open Market Committee's fir...

Oil prices are unchanged as the market awaits decisions from the Federal Reserve and OPEC.

Oil prices remained relatively unchanged as the market anticipates a meeting of OPEC and its allies, a Federal Reserve rate decision, and U.S. government data on oil and fuel stockpiles on Wednesday. Brent crude futures fell 11 cents, or 0.1%, to $85.35 a barrel at 0949 GMT. West Texas Intermedia...

According to the RBI, SBI, ICICI Bank, and HDFC Bank continue to be domestic systemically important institutions.

The State Bank of India, ICICI Bank, and HDFC Bank are still considered to be Domestic Systemically Important Banks, according to a statement from the Reserve Bank of India on Monday (D-SIBs). The central bank had first released a framework for handling D-SIBs in July 2014, which obliged it to re...

Germany: A reserve army officer has been found guilty of espionage for Russia

For several years, a German reserve soldier was convicted of espionage for Russian intelligence agents.

Between 2014 and 2020, the 65-year-old Bundeswehr reserve officer was found guilty of transferring papers and information to Moscow.

Prosecutors claim he spoke with Russian ...

The Bank of Japan continues its easing program despite the strengthening yen.

Even as the yen has been under pressure from the U.S. Federal Reserve's aggressive tightening and other central banks, the Bank of Japan maintained its ultra-loose monetary policies on Friday.

The yen's collapse to 32-year lows against the dollar as a result of the disparity in ...

Why is the Bank of Japan taking this stance on interest rates?

The Bank of Japan has maintained its position despite interest rate increases by the Federal Reserve and other central banks across the world in an effort to reduce inflation.

Japan's benchmark interest rate has been negative 0.1% since 2016. The third-largest economy in the world h...

The Fed raises interest rates by 75 basis points and declares that there are "far to go" while expressing hope for a slowdown

The Federal Reserve raised interest rates by 75 basis points on Wednesday, as predicted, for the fourth time in a row, while also avoiding any explicit signal of an end to its relentless tightening.

The central bank did, however, change its phrasing to give Wall Street and economists ho...

Fed Raises Interest Rates by 75 Points, Says There's Still Work to Do, and Expresses Hope for a Slowdown

Wednesday, as expected, the Federal Reserve raised interest rates by 75 basis points, its fourth consecutive increase, but avoiding any express indication that it will cease its relentless tightening.

The central bank modified its language to offer Wall Street and economists who had ant...

Even though the Fed survey indicates that the economy grew in September, expectations for the future are becoming more pessimistic.

A national survey of the 12 regional banks of the Federal Reserve revealed on Thursday that the U.S. economy grew marginally in September, helped by a substantial upswing in travel and tourism and constant or expanding activity in manufacturing.

Higher interest rates and inflation are h...

Rates on mortgages reached 5.89%, which is the highest level since 2008.

The Federal Reserve is indicating that it intends to maintain higher interest rates for longer.

In a new report released on Thursday by Freddie Mac, the average interest rate on 30-year mortgages increased to 5.89%, the highest level since 2008.

The increase follows a time dur...

Yen declines to a lower 144 level as compared to the dollar

In response to rumours that the Federal Reserve will continue raising interest rates in the wake of positive U.S. economic statistics, the yen plunged to the lower 144 level and hit a fresh 24-year low of 144.38 against the dollar on Wednesday in Tokyo.

Dealers stated that after crossin...