[ad_1] That is a sharp shift from just a week ago, when Chair Jerome Powell suggested to a Senate committee that if inflation didn’t cool, the Fed could raise its benchmark interest rate by a substantial half-point at its meeting March 21-22. When the Fed raises its key rate, it typically leads to higher rates … Read more
[ad_1] Washington: US Federal Reserve Chairman Jerome Powell stressed on Tuesday that central bank policymakers are prepared to raise interest rates higher than previously expected and pick up the pace of increases in the face of hotter-than-expected economic data, according to a media report. “The latest economic data have come in stronger than expected, which … Read more
[ad_1] That’s why they are closely monitoring China for signs of an acceleration in the global appetite for goods and services. If that happens, it would strengthen the Fed’s resolve to hold interest rates at punishing levels for longer — raising the odds of economic pain in the U.S. later this year and dashing hopes … Read more
[ad_1] A police officer frequently provided Proud Boys leader Enrique Tarrio with internal information about law enforcement operations in the weeks before other members of the far-right group stormed the US Capitol, according to messages shown at the trial of Tarrio and four associates. In court in Washington DC on Wednesday, a federal prosecutor showed … Read more
[ad_1] Yavatmal: In a sad and shocking development, a ‘langar’ which fed over two million hungry migrants during the first lockdown year, has been demolished ostensibly owing to certain disputes among the landlords, on a remote corner of Yavatmal National Highway. The 84-year-old Sikh ‘sevak’ Karnail Singh Khaira, who managed the ‘langar’ to serve the … Read more