ShreeMetalPrices: RBI pause repo rate at 6.5% But it could be temporary
The Reserve Bank of India’s (RBI) & the (MPC) Monetary Policy Committee unanimously resolved on Thursday to maintain the policy repo rate at 6.5 percent while remaining prepared to take actions if the need arise. This decision was based on the overall economy and its forecast. As a result, the bank rate and the rates […]
ShreeMetalPrices: UBS buys Credit Suisse in $3.25B to halt banking turmoil
The acquisition of Credit Suisse with UBS will produce a banking titan unprecedented of in Switzerland’s history, where in banking is a vital part of country’s identity. Here are the key terms of the 3.25 billion dollar settlement. Which was reached on Sunday following protracted negotiations involving the govt, financial watchdogs, and the central bank. […]
ShreeMetalPrices: United states Federal Reserve Policy Meeting sets for Mar 21 & 22
A number of significant economic events scheduled for the week, as well as a banking Industries turmoil in the United States. It is anticipated that both the domestic market and its international equivalents will remain volatile. Given the ongoing financial crisis & recent economic statistics. The 2-day United states FOMC monetary policy meeting. Which is […]
ShreeMetalPrices: Federal Reserve holds an emergency meeting today in light to Silicon Valley Bank failure
United States Federal Reserve (Fed) will host a closed-door emergency meeting of the Board of Governors on Monday in response to the fallout the Silicon Valley Bank. The meeting will take place via audio/video conference call and at the Board’s offices at 20th & C Streets, N.W., Washington, D.C., in accordance with the accelerated procedures […]
ShreeMetalPrices: Goldman Sachs has revoked the Federal Reserve’s rate hike this month after failure of Silicon Valley Bank
Goldman Sachs analysts said on Sunday. That they no longer consider the United States Federal Reserve (Fed) to give a rate rise at its meeting on Mar-22 due to the current strain in the banking sector. In the past, Goldman anticipated a 25-basis-point increase in March. The failing Silicon Valley Bank’s, clients will be able […]
ShreeMetalPrices: UK’s Economy shows strong signals of recovering; Manufacturing PMI rose to 49.3
The UK’s manufacturing purchasing managers’ index (PMI) increased from 47.0 in Jan & the previous flash forecast of 49.2 to 49.3 in Feb 2023. This was the best purchasing managers’ index figure during that period, despite the fact that it maintained below the neutral level of 50.0 for the 7th consecutive month. For the 1st […]
ShreeMetalPrices: Federal Reserve policymakers warns more rate hikes in 2023
The Federal Reserve (Fed) said that raising interest rates will continue to be implemented in its semi-annual Monetary Policy Report sent to Congress in order to combat excessive inflation. The Federal Open Market Committee (FOMC) resumes rate rises at its meetings in December and January. But according to the report. “It thinks continuous hikes with […]
ShreeMetalPrices: When will the US Federal Reserve Meet for Rate Hike in March ?
The Federal Open Market Committee (FOMC) will meet again in March. On March 21 and 22, the FOMC will gather to consider the US Federal Reserve’s (Fed) next move regarding a rate hike. On March 22, the decision to raise rates for March will be made public. The The Federal Open Market Committee (FOMC) would […]
ShreeMetalPrices: Gold Deposits Found in Odhisa in Three Different Regions
Odisha is once again in the spotlight for its deposits of precious minerals & metals, which account for 98% of the country’s chromite resources. And it’s gold this time. 3 Gold deposits have been discovered in three different regions within the state, mines & Steel Minister Prafulla Mallik said the state Assembly on Monday. In […]
ShreeMetalPrices: FED fights inflation; Expects further rate hikes for disinflation to avoid recession
The Fed Reserve is not likely to have the ability to reduce inflation without significantly raising interest rates. Which can causing a recession, According to a report published on Friday. One report of the news paper that explores the history of central banks’ attempts to induce deflation is former Fed Governor Frederic Mishkin. The report […]