This is the first time in over 11 years that the Fed has cut policy rates by 50 bps or more
In a statement, the US Fed said it was cutting rates by a half percentage point to a target range of 1 per cent to 1.25 per cent
US stocks initially advanced after the announcement before sliding into losses, while the 10-year treasury yield neared 1 per cent
It was the Federal Reserve's first emergency rate cut since the 2008 financial crisis, underscoring how grave the central bank views the fast-evolving situation
In a statement, the central bank said it was cutting rates by a half percentage point to a target range of 1.00 per cent to 1.25 per cent
Goldman said it expects a total of 100 basis points of cuts in the near term from the Bank of Canada, which meets this week
Decline in silver over 3%, gold holds fort with a marginal loss
Global central bankers, facing an economic threat from the virus, have for the most part taken a wait-and-see approach
On Monday, the metal rose as much as 2.8% to $1,688.66, its highest since January 2013
The Justice Department has said more than $4.5 billion was stolen from 1MDB by high-level officials at the fund and their associates between 2009 and 2015
The Federal Reserve held rates steady as expected while offering no new guidance on its balance sheet, but Chairman Jerome Powell noted that uncertainties about the outlook remain
Central bank keeps key overnight lending rate remains at 1.50%-1.75%; chief says policy appropriate and not on preset course.
India Inc is expecting a slew of economy-boosting steps such as income-tax rate cuts, increased rural infrastructure spending, and job creation measures in the Union Budget this time
Trump had originally tweeted in July he would nominate Christopher Waller, a director of the Fed's satellite office in St. Louis, Missouri, and conservative economist Judy Shelton
The global equity markets overall may prove directionless in 2020, but individual stocks still look capable of powering ahead. Investors will need to focus on stock-picking
In their first remarks in the new year, heads of several regional Fed banks noted a strong job market, robust consumer spending and a rising optimism for a resolution to the trade tensions
India will need interventions to protect financial stability
Moves like direct tax reform and actual divestment will send out the right signals
According to Google, UPI was thoughtfully planned and critical aspects of its design led to its success.
Policy makers had been widely expected to leave rates on hold after three straight cuts that helped calm concerns the economy could falter