(Adds further Hassett comments, context) WASHINGTON, April 18 (Reuters) – White House economic adviser Kevin Hassett said on Friday that President Donald Trump and his team were studying the matter when asked if firing Federal Reserve Chair Jerome Powell was an option. “The president and his team will continue to study that matter,” Hassett told…
Did this ever happen that you bought an expensive product through your SBI Card and want to pay back in small monthly instalments? If that is the case, you can do that on the SBI Card’s website. Here we share a step-by-step guide for the same. Convert large purchases into EMIs I. Choose flexi pay:…
Don’t expect the Federal Reserve to rescue the US economy from the epic tariffs imposed by the Trump administration on imports from most of the world. The only question now is how bad the damage will be. The US President’s attack on free trade is truly extraordinary in its scope, scale and lack of nuance….
The Reserve Bank of India’s (RBI) monetary policy committee cut the repo rate by 25 basis points in February to 6.25 per cent, its first reduction in nearly five years. RBI appears on track for another round of monetary easing in its next policy meeting, scheduled to take place from April 7-9, and may again…
Balance transfers together with loan refinancing help people address the challenges associated with debt management. These debt reduction solutions have separate functions for your finances although they fulfil different goals depending on your financial needs. Knowledge about credit points stands essential for making wise financial decisions that respect your monetary targets. What is balance transfer?…
While the Public Provident Fund (PPF) has lost some of its sheen over the years as interest rates have slipped gradually — 7.1% at present — several investors still prefer it given the tax benefits it offers, the safety of government backing and stability as a debt investment. Although the PPF has a 15-year maturity,…
The Reserve Bank of India (RBI) initiated the much-expected rate-cut cycle in February. The repo rate was cut from 6.5% to 6.25% on 7 February. A rate cut leads to an easing of interest rates on loans. However, loan rates have just started easing, after a rather longer transmission period. Rate cut transmission Let us…
The 10-year Indian bond yield, once trading at 12-13% in the late 90s, has now dropped from its 5-year high of around 7.5% to 6.7% as of February-end 2025. With the start of the interest rate cut cycle, yields are expected to fall further. And with no indexation benefits in debt mutual funds, this raises…
India is structurally strong and cyclically slow, which led to a slowdown in corporate earnings from 8% to 10% from 15-20%. High interest rates, India’s general elections, and global political shifts contributed to the slowdown. The equity market trades at 19x, close to the Covid Feb 2020 lows of 18.3x. Also Read | Wall Street…
Fixed deposits (FDs) are considered to provide reliable, consistent long-term investment returns. They are especially beneficial for conservative investors who avoid taking risks. Certain small finance banks in India offer FD interest rates of over 9%, which is relatively higher than those of public, private, and foreign banks. Here are the latest FD rates for…
