Fed Chair Jerome Powell and his colleagues agreed on Wednesday to double the pace at which they wind down their bond-buying program, putting them on track to wrap it up by mid-March
While most analysts see monetary policy normalisation across the world in 2022, rate trajectories are likely to diverge across geographies, they said
The US Fed has signalled a hawkish stance in the coming years while keeping the policy rates unchanged for now. Find out what the US Fed's policy means for India and where the benchmarks are headed
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Here is the best of Business Standard's opinion pieces for Friday
The rupee closed at 76.09 a dollar, up from its previous close of 76.23 a dollar
This is expected to suppress valuations in India; decline in P/E may nullify gains from rise in corporate earnings
Fed pivots on policy, but calm reigns
A surge in wages and benefits got his attention. Other data soon confirmed his concern
The broader markets however finished in red, the breadth too was negative
The Federal Reserve said on Wednesday it would end its pandemic-era bond purchases in March and pave the way for three quarter-percentage-point interest rate hikes by the end of 2022.
The Fed's key rate, now pinned near zero, influences many consumer and business loans, including mortgages, credit cards and auto loans.
The US Federal Reserve announced a faster tapering of the central bank's asset purchase program beginning in January amid the rising inflation.
Today's inflation is due primarily to the disruption the pandemic has caused to key global supply chains
NEW YORK (Reuters) - Global shares and bond yields rose on Wednesday after the U.S. Federal Reserve said it would end its pandemic-era bond purchases in March and begin raising interest rates as much as three times next year.
Asian stocks followed Wall Street higher after US Federal Reserve said it would end bond-buying stimulus in March
Cryptocurrencies were proving to be a challenge for emerging markets and strong regulation was needed, IMF's Gita Gopinath said. More in today's top headlines
MSCI's global gauge of stocks gained 0.10%, and the pan-European STOXX 600 index rose 0.26% after the Fed's statement
The dollar index was up 0.2% for the day to 96.737 shortly after the announcement
The identification of the Omicron coronavirus variant last month has added a new level of uncertainty for US central bank officials