Fed will hike next year in Q4; Inflation will remain above target till 2024

BENGALURU: The Federal Reserve will hike interest rates at the end of next year, a month earlier than expected, according to a Reuters poll, a historic shift from emergency measures taken to backstop the US economy during the COVID-19 pandemic. In. Most respondents said the Fed should move even more quickly to combat inflation, which … Read more

7 percent growth in credit active consumers during Feb-October this year: Report

As economic activity remained more or less unaffected through the COVID-19 second wave and lenders became tech-savvy, outstanding balances and credit active consumers grew by 8 and 7 per cent, respectively, between February and October this year, according to a report. According. The report said that credit inquiries also increased by 54 per cent during … Read more

Stocks stall as oil fuel inflation nerves

SYDNEY: Asian stock markets jumped on Wednesday and Chinese factory prices raised concerns that a warmer US inflation reading could add pressure to policymakers to raise interest rates. US crude futures rose 1% to a two-week high of $84.97 a barrel in early trade and Brent futures made a one-week top of $85.35. Factory gate … Read more

SOPs on IT regulations required as ‘trains’ for consumers, investors; Government will fulfill it: Rajiv Chandrashekhar

Standard operating procedures – which will provide further clarity on the new IT and intermediary rules – are needed as “railways” for consumers and investors, and the government will certainly follow through, Minister of State for IT Rajiv Chandrasekhar has said. The SOPs include inter-ministerial consultations and are about “sensitizing” several ministries, Chandrashekhar said, adding … Read more