Tag: interest rates
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European central bank cuts interest rates amid looming trade war, growth concern
European Central Bank (Photo-AP) The European central bank (ECB) reduced interest rates by 25 basis point on Thursday, aiming to stimulate economic activity...
Fed in no hurry for rate cuts: Jerome Powell hints no change in US central bank’s policy stance
Federal Reserve Chair Jerome Powell announced that the US central bank will be keeping its interest rates unchanged for now, citing inflation...
US economy grew at a solid 2.8% pace last quarter on strength of consumer spending
WASHINGTON: The US economy grew at a healthy 2.8% annual rate from July through September, with consumers helping drive growth despite the...
5 practical tips to ease the high-interest home loan burden
By Atul MongaIn today’s housing market, buying your dream house is nearly impossible without a home loan. However, the burden of high interest rates...
US job growth lower than estimated by 818,000, reveals revised data
NEW DELHI: US job growth over the past year was notably weaker than previously reported, according to new data released by Bureau of Labor...
