WASHINGTON – Kevin Warsh‘s first meeting as Federal Reserve chairman concluded Wednesday with no change in interest rates and a nod to possible hikes ahead. The meeting also saw the removal of key language indicating a bias toward future cuts within a dramatically shorter policy statement. The Federal Open Market Committee voted unanimously to keep…
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JAMMU: J&K Police Wednesday claimed to have busted a major narco-terror nexus with links extending to Punjab and across the border, and arrested 20, including three alleged kingpins. The drug supply chain had been feeding narcotics into the Union Territory, SSP Jammu Joginder Singh said.Surajdeep Singh, Harpreet Singh alias Raju, and Jaspreet, who were arrested…
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The Federal Reserve left its benchmark fed funds rate range unchanged at 3.50%-3.75% on Wednesday, a move markets had expected nearly unanimously. “Economic activity is expanding at a solid pace despite elevated uncertainty that owes, in part, to the conflict in the Middle East,” the press release said. “Inflation remains elevated relative to the Committee’s…
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India has secured protection for a majority of its steel exports to the UK under the India-UK free trade agreement, with 85% of outbound shipments remaining outside Britain’s upcoming steel safeguard measures, according to an official statement issued on Wednesday, PTI reported.The announcement comes as India and the UK prepare to operationalise their Comprehensive Economic…
Kevin Warsh (AP file photo) US Federal Reserve chairman Kevin Warsh-led FOMC on Wednesday kept the key interest rate unchanged in the 3.5% to 3.75% range. This is Kevin Warsh’s first policy review after taking over from Jerome Powell as US Federal Reserve chair.“The Committee decided to maintain the target range for the federal funds…
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