In New Delhi, prices of 22-carat gold slumped Rs 3,200 to Rs 50,250 per 10 gram while prices of 24-carat also dropped to Rs 54,500
Consumer spending is likely to say low relative to the past as people avoid activities that require high levels of social interaction for health reasons, Rosengren said
In New Delhi, the price of 22-carat gold rose to Rs 52,450 per 10 gram
The calls for increased government intervention came as US lawmakers and the White House resumed talks on a new government relief package
US central bank officials have become increasingly pessimistic about the short-term outlook for the economy amid a resurgence in coronavirus infections across the country
Powell's comments, made via videoconference after the Fed announced its policy decision to leave interest rates near zero, suggest dimming hopes for a quick economic rebound
Federal Reserve Chair Jerome Powell on Wednesday acknowledged the slowdown in activity
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At the end of its two-day policy meeting the Fed said it maintained its interest rate target range until it is confident the economy has weathered the virus
The Federal Reserve also said it is open to use its 'full range of tools' to recover from the fallout from the coronavirus outbreak
Democrat says Trump is exacerbating social discord across the country by sending federal authorities into major cities under the pretense of addressing crime
In New Delhi, the price of 22-carat gold rises to Rs 51,250 per 10 gram
No major changes are likely when the Fed releases a statement Wednesday after its two-day policy meeting ends and just before Chair Jerome Powell holds a news conference.
The extensions apply to those facilities that were due to expire on or around September 30, the Fed said in a statement
Economists project developed world central banks to keep liquidity tap open well into 2021
And the report said that business contacts in the Fed's 12 regions remained wary about the future
Revenue from trading stocks and bonds surged 93 per cent, surpassing what analysts had expected
Collectively, JPMorgan Chase, Citigroup and Wells Fargo have put aside $25 billion during the second quarter, they said. As a result, their quarterly profits plunged.
There is a 'gush of liquidity' around the world, including India after the US Federal Reserve opened the tap, says Raj Balakrishnan.
Seemingly rapid rebound in jobs, retail sales and some other measures of activity in May and June may not persist, recent data shows.