[ad_1] Banking and business groups sued the US Federal Reserve over the central bank’s annual stress tests, saying they’re seeking more transparency in how the rules are adopted. The groups, including the Bank Policy Institute and American Bankers Association, contend that the Fed’s criteria for the tests are designed in secret and produce “vacillating and…
[ad_1] MUMBAI: Hawkish statements from the US central bank chief on Wednesday night led to a global sell-off in stocks that also weighed on investor sentiment on Dalal Street. Sensex opened weak, remained in the red through the session and closed 964 points down at 79,218 points.This was the first time since Nov 29 that…
[ad_1] Trading today will be influenced by the US Federal Reserve’s latest decision. (AI image) Stock market today: BSE Sensex and Nifty50, the Indian equity benchmark indices, tanked in opening trade on Thursday after US Federal Reserve’s hawkish commentary. While BSE Sensex went below 80,000, Nifty50 also plunged below 24,000. At 9:17 AM, BSE Sensex…
[ad_1] Lingering inflationary pressures and the transition to the Trump administration have introduced additional variables into the Fed’s calculus. US stock markets endured one of their most severe declines of the year on Wednesday after the Federal Reserve signaled a shift in its monetary policy trajectory. The S&P 500 fell 2.9%, narrowly missing its largest…
