How Jerome Powell navigated pandemic, inflation and Trump The outgoing Federal Reserve chair guided the U.S. economy through extreme tumult. Axios · May 15
Powell's tenure as Fed chair marked by fight for independence while trying to tame inflation When Jerome Powell was sworn in as chair of the Federal Reserve eight years ago, economists worried that inflation and interest rates were too low and that too few Americans had jobs. The Economic Times · May 15
Highest 3-year FD interest rates for senior citizens: These banks offer 8% interest rate on fixed deposits Senior citizens seeking higher returns on their retirement savings can explore 3-year Fixed Deposit options. Small finance banks like Jana and Utkarsh lead with 8% interest, while private banks such as Bandhan and YES Bank offer up to 7.75%. Public sector banks, including Bank of India and Standard Chartered, provide… The Economic Times · May 15
Global Market: Japan wholesale inflation hits 3-year high amid Iran oil shock Japan's wholesale inflation surged to its fastest pace in nearly three years in April, driven by rising energy and commodity prices linked to the Iran conflict. This acceleration has intensified expectations that the Bank of Japan may raise interest rates as early as June, with markets pricing in a high… The Economic Times · May 15
Silver tumbles Rs 17,500, gold down Rs 3,100 as Iran war tensions stoke inflation worries. All eyes on Trump-Xi meet Gold and silver prices opened sharply lower on MCX Friday, driven by rising energy prices fueling inflation concerns and expectations of prolonged high interest rates. Investors are closely watching U.S.-China trade talks, with gold and silver futures experiencing significant dips. Spot gold and silver also declined internationally, reflecting market pressure. The Economic Times · May 15
How a New Fed Chair Could Impact Your Tax Bill in 2026 As Kevin Warsh prepares to lead the Federal Reserve, interest rate policy will shape household earnings and taxable income. Kiplinger · May 15
Dollar Rallies on Signs of a Resilient US Economy The dollar index (DXY00 ) on Thursday climbed to a 2-week high, finishing up by 0.29%. The dollar garnered support from Thursday's as-expected US April retail sales report, signaling signs of a resilient US economy. Also, signs of progress in US-China trade negotiations are supportive of the dollar after Reuters... Barchart · May 14
Is Negative Sentiment in Bonds a Reason to Buy? Rising oil prices are lifting inflation indicators and weighing on bond prices. Sentiment in the U.S. government bond market is bearish, which could explain why the odds favor the upside. Barchart · May 14
Iran war crisis: With long-term vision, India could turn turmoil into triumph India confronts an economic crisis driven by global events. Import duties on gold and silver are an initial step. Policymakers warn of crunch time. The nation's reliance on imported crude oil is a key vulnerability. Capital outflows and trade disruptions are impacting the currency. The Reserve Bank of India must… The Economic Times · May 14
Dollar Climbs on a Solid US Retail Sales Report The dollar index (DXY00 ) today climbed to a 2-week high, up by +0.10%. The dollar garnered support from today's as-expected US April retail sales report. Also, signs of progress in US-China trade negotiations are supportive of the dollar after Reuters reported that the US and China are weighing a... Barchart · May 14
Premium Bonds prizes raised by NS&I - but how do they compare with the best savings accounts? NS&I still playing market catch-up as interest rates rise The Independent UK · May 14
PagSeguro Digital Q1 Earnings Call Highlights PagSeguro Digital (NYSE:PAGS), which operates as PagBank, reported higher first-quarter earnings per share and continued expansion in its banking and credit operations, while management said elevated Brazilian interest rates continued to pressure financial costs and gross profit. On the company’s f MarketBeat · May 14
Why are gold and silver prices down today, and will precious metals decline or rise again in near future? Full market explainer on precious metals outlook Why are gold and silver prices down today, and will precious metals decline or rise again in near future? Gold prices stayed steady while silver moved lower as investors watched U.S.–China talks, inflation data, and Federal Reserve changes. Rising U.S. producer prices and expectations of higher interest rates influenced market… The Economic Times · May 14
Global Market: Japanese investors turn net sellers of foreign stocks after four months Japanese investors became net sellers of foreign equities in April for the first time in four months, offloading 636.4 billion yen due to rising energy costs and inflation fears. Trust accounts led this sell-off, while investment trusts and life insurers continued to buy overseas stocks. This shift occurred as U.S.… The Economic Times · May 14
The Economic Times · May 13 Trump’s pick Kevin Warsh replaces Jerome Powell as Fed chair: What will happen to US interest rates next and why financial markets are watching closely Kevin Warsh is set to become the new Federal Reserve chair. However, his influence on interest rates might be limited. The Federal Open Market Committee, a 12-member panel, ultimately decides on rate targets. Warsh will hold only one vote. Consensus building and persuasion are key to the chair's role. Financial…
The Economic Times · May 13 Warsh clinches Senate approval to be Fed's next chair as inflation intensifies In a pivotal moment for the economy, the US Senate has officially confirmed Kevin Warsh as the chair of the Federal Reserve, just as inflation escalates. With President Donald Trump advocating for reduced interest rates, Warsh's leadership will be crucial at the next central bank meeting, where policymakers are wrestling…
The Economic Times · May 13 US Senate confirms Kevin Warsh as Federal Reserve chair, following Jerome Powell Kevin Warsh is now the new head of the Federal Reserve. He takes charge at a difficult economic time. Inflation is high and gas prices are rising. The Fed faces internal disagreements. President Trump has pressured the Fed for lower interest rates. Warsh promises independence. He faces challenges in managing…
The Independent UK · May 13 Trump Fed chair nominee Kevin Warsh is confirmed by Senate as Jerome Powell vows to stay on board Kevin Warsh stressed that the president did not make him pledge to cut interest rates to secure his nomination to head the Federal Reserve
The Economic Times · May 13 Why are oil prices down and gas rates steady today, and will Brent crude, US WTI futures, Dutch and British natural gas prices rise or decline in near future? Oil dips as markets watch Iran ceasefire, Trump-Xi China summit and Strait of Hormuz risks Why are oil prices down and gas rates steady today, and will Brent crude, US WTI futures, Dutch and British natural gas prices rise or decline in near future? Oil slipped after a three-day rise while gas stayed stable as markets tracked Iran ceasefire risks and the Trump-Xi China summit.…
The Economic Times · May 13 Global Market: OECD sees Bank of Japan raising rates to 2% by 2027 amid inflation shift Japan's central bank might increase interest rates to two percent by late 2027. This move signals confidence in Japan's economy moving past decades of low inflation. Stronger wages and consumer demand allow for gradual borrowing cost hikes. The Bank of Japan is also expected to reduce bond purchases. This shift…
The Economic Times · May 12 US Senate approves Kevin Warsh for Fed Board, chair confirmation next The Senate has confirmed Kevin Warsh to the Federal Reserve Board of Governors. A vote for his chairmanship is expected soon. This confirmation follows a lifted blockade by Senator Thom Tillis. The move comes as President Trump pushes for lower interest rates. Inflation is currently surging, presenting a challenge for…
The Independent UK · May 12 10 Sources of Emergency Cash, Ranked From Best to Worst If unanticipated expenses exceed your emergency fund, here’s a look at where to go next
The Economic Times · May 12 Why did the US stock market crash today? Dow Jones, S&P 500 and Nasdaq sink deep into red as Iran tensions and soaring oil prices fuel fresh inflation fears across Wall Street US stock market crash today shocked Wall Street after US CPI inflation jumped to 3.8%, the highest level in three years. The Dow Jones fell more than 307 points to 49,396.89, while the S&P 500 declined 0.63% to 7,366.24. The Nasdaq Composite dropped nearly 1%. Tech stocks lost momentum. Nvidia,…
The Economic Times · May 12 Loan EMIs set to increase: Canara Bank raises lending rates by 5 bps on these tenures; Bank of Baroda MCLRs remain unchanged Canara Bank has revised its lending rates. The bank increased its Marginal Cost of Funds Based Lending Rate by 5 basis points for all loan tenors. These new rates are effective from May 12, 2026. Borrowers with MCLR-linked loans may see higher EMIs. Bank of Baroda has kept its MCLR…
The Economic Times · May 12 Rethinking ‘idle money’ in a rising rate environment Indian savings accounts are evolving beyond mere transactional tools. With rising interest rates, institutions like IDFC FIRST Bank are offering higher yields, challenging the traditional view of savings accounts as low-return options. This shift encourages a more active approach to managing funds, highlighting the opportunity cost of holding 'idle' money.