The newest report came just two weeks after the Fed decided that the economy’s advance was still too fragile to risk lifting interest rates from their near-zero level, even as it hinted that it might go ahead by December.
The longtime opponent to the Federal Reserve claims that foreign exchange markets will eventually figure out what USA policymakers are doing, and then we will be facing a currency crisis which could lead to a USA and global stock market crash. Even if rates increase soon,...
“Therefore, the Reserve Bank has front-loaded policy action by a reduction in the policy rate by 50 basis points”. As it is, the ASSOCHAM does not expect the exports to go beyond Dollars 268 billion in the current fiscal as against USD 310 billion.
The inflation calculated on Wholesale Price Index (WPI) during August continued to remain in negative territory for the tenth month in a row, while the one measured on Consumer Price Index (CPI) has touched a new low.
Households bracing themselves for an imminent interest rate rise were given hope of a reprieve today when a Bank of England official said rates may have to be cut even further to stoke up the United Kingdom economy.