The surging US dollar, driven by a strengthening US economy and potential policy shifts, is impacting Indian markets. Import-heavy sectors like oil and gas and auto are facing margin pressures, while export-dependent sectors remain resilient for now. Market sentiment is cautious as investors await »»»

U.S. Federal Reserve Governor Christopher Waller, one of the more ardent voices in the central bank’s battle to hike interest rates to tame inflation, said he supported a larger rate cut this week because he is now worried the pace of price increases is undershooting the Fed’s target. Waller said t»»»

Jerome Powell, the chair of the Federal Reserve, ruled out the possibility of a recession in the economy of the United States in the near future, saying that there is no reason to believe it. Addressing a conference in San Francisco, Powell said, “Growth is strong. The economy is in a good place. T»»»

— And just like that, two of the world’s largest economies are in technical recessions. On Thursday, Japan and the UK both reported their second consecutive negative quarters of gross domestic product, fitting the widely agreed-upon definition of a recession. Could the US, the world’s largest econo»»»

SINGAPORE, Nov 7 — The dollar advanced today as last week’s rally in riskier currencies took a breather, while the Aussie dollar slid after the Reserve Bank of Australia raised rates but tweaked its outlook, spurring expectations that hikes are at an end. The RBA raised interest rates by 25 basis p»»»

SINGAPORE :The dollar was steady on Tuesday as traders took a breather from a risk rally, while the Aussie slid after the Reserve Bank of Australia raised rates, but left the door open on whether further hikes would be needed. The RBA raised interest rates by 25 basis points on Tuesday, ending four»»»

While the US Federal Reserve struggles to contain inflation, banks are failing and the government faces a debt default. Steve Hayes, tax attorney and chairman of FairTax, and economist, radio show host and author Dr. Jack Rasmus see even bigger problems looming ahead. The US faces a combination of »»»