Tue, 21-Oct-2025

US Fed opens policy meeting focused on inflation threat

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WASHINGTON: The Federal Reserve opened its two-day policy meeting on Tuesday, focused squarely on how to address the worsening US inflation threat. Fed Chair Jerome Powell has signalled that the central bank will pull back on its pandemic stimulus measures more quickly, which would put it in position to raise interest rates and try to … Read more

US industrial output drops 1.3% in Sept amid supply issues: Fed

WASHINGTON: Output by US industries fell 1.3 per cent last month amid continued supply constraints hindering manufacturing, the Federal Reserve reported on Monday. Declines were apparent across multiple categories, but stark in the auto sector, with production of motor vehicles and parts falling 7.2 per cent “as shortages of semiconductors continued to hobble operations,” the … Read more