ISLAMABAD: The federal government is likely to impose Federal Excise Duty (FED) on the business class tickets of international airlines, ARY News reported citing...
WASHINGTON: The Federal Reserve (FED) delivered another steep interest rate increase on Wednesday, as expected, with its move to cool red-hot inflation taking on...
US President Donald Trump is drawing up a massive emergency spending package while the Federal Reserve has opened the floodgates of financing to contain the growing economic damage.
The US dollar index weakened on Tuesday as expectations grew that the Federal Reserve would cut interest rates this year to relieve pressure on the economy.
The US Federal Reserve will remain flexible and interest rates will not be on a "preset course" in the face of persistent risks from trade uncertainty and weak global growth, the central bank said Wednesday.
Slowing global growth and the 35-day partial federal government shutdown weighed on the U.S. economy in the first weeks of 2019, but it continued growing amid still-tight labor markets, the Federal Reserve reported on Wednesday.
WASHINGTON: President Donald Trump blasted the Federal Reserve on Monday, describing it as the “only problem” for the U.S. economy, as top officials discussed...
WASHINGTON: Richmond Federal Reserve President Jeffrey Lacker on Saturday said he dissented at a Fed policy meeting because he thought the economy was now strong enough to warrant higher interest rates.
NEW YORK: World stock prices held near three-week highs and the dollar fell on Thursday as investors awaited whether the U.S. Federal Reserve will end its near-zero interest rate policy.
BEIJING: Concerns over a possible U.S. rate rise by the Federal Reserve may have sparked a global stock market rout rather than the devaluation of China's yuan currency, a senior Chinese central bank official told Reuters on Thursday.
Hong Kong: Asian markets eased Thursday, following a lead from Wall Street, as investors looked to next week's Federal Reserve policy meeting with speculation...