Posted inBusiness
India’s Surging Retail Inflation Dashes Hopes for Near-Term Interest Rate Cuts
Rising food prices push India inflation past the six percent limit, forcing the RBI to hold interest rates high and delay expected cuts.
Posted inInternational
Supreme Court Declines to Intervene in Dispute Over Federal Reserve Governor’s Tenure
A recent Supreme Court decision has effectively halted a high-stakes legal challenge regarding the President's authority to remove Federal Reserve Governor Lisa D. Cook from her post. The Court's refusal…
Posted inBusiness
Supreme Court Allows Lisa Cook to Remain on Federal Reserve Board Amid Legal Dispute
The U.S. Supreme Court declined on Monday to intervene in a high-stakes legal battle, allowing Lisa Cook to remain in her position as a member of the Federal Reserve Board…
Posted inBusiness
Fed’s Preferred Inflation Gauge Hits Three-Year High Amid May Economic Data
The U.S. Department of Commerce reported on Friday that the Personal Consumption Expenditures (PCE) price index, the Federal Reserve's primary metric for gauging inflation, climbed to an annual rate of…
