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Jerome Powell

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Macro Economy & Fiscal Policy Just now (07:06 PM IST)

Rate-Hike Bets Cap Gold's Rebound as Weekly Loss Looms

Gold edged higher on Friday but remained on track for a weekly decline of about 2.1 percent, as investors weighed persistent inflation concerns against a firmer US interest-rate outlook. Rising Treasury yields and expectations that the Federal Reserve may keep policy restrictive have reduced the metalโ€™s appeal as a non-yielding safe haven.

By RDU Global Wire4 min read
Global Economy & Central Banks6h ago

Fed Raises Benchmark Rate to 3.75%-4% as Inflation Stays Elevated and Growth Holds Firm

The Federal Reserve raised its target range for the federal funds rate by a quarter point to 3.75% to 4% on Wednesday, saying the move was needed to support its dual mandate and help secure a timelier return to 2% inflation. In a unanimous 12-0 vote, policymakers said economic activity is expanding at a solid pace, labor markets remain stable, and domestic spending has proved resilient despite elevated uncertainty tied in part to geopolitical developments.

4 min readRead โ†’
Pharma, Biotech & Global Health9h ago

France Pledges โ‚ฌ24 Million to WHO as Global Health Financing Push Gains Momentum

France signed seven contribution agreements with the World Health Organization in Geneva, committing โ‚ฌ24 million to support core WHO work, emergency response, and priority health programmes. The package includes โ‚ฌ4.5 million in fully flexible funding and reinforces France's role as a leading backer of a more predictably financed WHO.

4 min readRead โ†’

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