US economic growth estimate for 2nd quarter cut to 1.1%
The Commerce Department slightly cut its estimate of US economic growth in the second quarter to 1.1 percent Friday, underscoring the surprise weakness in activity during the period.
Aug 26, 2016, 19:22 PM IST
US Fed pressed ahead with plan to raise rates as it debated guidance
The US Federal Reserve pressed ahead at its last policy-setting meeting with plans to begin raising interest rates later this year despite an apparently vigorous debate over how to communicate its intentions.
Jan 08, 2015, 00:43 AM IST
Asian markets rally after dovish Fed minutes
The minutes show the central bank board aired worries about the stronger dollar, a stumbling eurozone economy, slowing growth in China and Japan and geopolitical risks.
Oct 09, 2014, 08:22 AM IST
