interest rates

Elon Musk: ‘Foolish’ Fed ‘Needs to Drop’ Interest Rates

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Newly declared Trump supporter Elon Musk is not holding back on his opinion on the U.S. Federal Reserve’s decision to not cut back interest rates at its July meeting. In a response to a post on X about Warren Buffett’s Berkshire Hathaway unloading Apple stock, Musk mused that the billionaire must be “clearly expecting a … Read more

Deposit crunch forces banks to raise rates

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  MUMBAI: Even as analysts are forecasting the monetary policy committee meeting this week to vote for another pause with a rate cut pushed to December, banks have been selectively raising deposits and lending rates.According to SBI chairman Dinesh Khara, markets can no longer look up to the US Federal Reserve for the direction of … Read more