Yellen hints at fed rate hike in March
The Dollar Business Bureau Keeping in view the US’ recovering economy and the investors’ positive sentiments around it, the US Federal Reserve Chair Janet Yellen on Friday said the fed will adopt a more aggressive rate path ahead, first by raising interest rates at its next meeting on March 14-15, and possibly make further adjustments after the meeting. "At our meeting later this month, the committee will evaluate whether employment and inflation are continuing to evolve in line with our expectations, in which case a further adjustment of the federal fund rates would likely be appropriate," Yellen said. “We realise that waiting too long to scale back some of our support could potentially require us to raise rates rapidly sometime down the road, ...
Greece crisis: Adverse spill-over impact on India to be contained
Sai Nikesh | The Dollar Business A day after Greece’s voters rejected bailout proposals giving rise to likely possibility of ‘Grexit’ from Euro zone, the Government of India, on Monday, said it is closely monitoring the situation with a view that Grexit would have indirect impact on India. While Finance Secretary Rajiv Mehrishi felt that there could be some reaction on the Fed rate hike, the Chief Economic Advisor Subramanian said the country is relatively well insulated from the Greece situation, but, ‘rupee might get affected to some extent due to flight of foreign investment’. Speaking to The Dollar Business, Rana Kapoor, president, Associated Chamber of Commerce and Industry (ASSOCHAM), India, said, “A Grexit will potentially trigger a global risk-off scenario primarily via ...
