top of page
Long-time Chief Executive Officer Ben Silbermann of Pinterest would step down, handing over the reins of the social media platform to Google...

Stock Market

Google executive to take over as a new CEO of Pinterest

Top accounting firm Ernst & Young has been slammed with a record $100 million fine from the US government...

Stock Market

Accounting firm gets 100 million fine for faulty regulations

The Indian rupee slipped into a fresh low today and extended losses against the US dollar.


The rupee tumbled to a new low against the dollar in the midst of an increase in crude oil price

Wall Street saw a sharp fall at its closing in a broad sell-off. Consumers' worries over recession have sparked up...

Stock Market

Wall Street Lose Balance after recession strikes growth fear among consumers’

Soaring inflation may be pushing the US economy into a deep recession. Last week's 0.75% interest rate hike by the Federal Reserve...

Stock Market

Inflation ringing the recession bell - Mohammed Shaheen

Stock Market

1 Nov 2021

Goldman Sachs Forecast for U.S Interest Rate Hike by a Year

The Index Today

Goldman Sachs has issued its forecast by a year for the post-pandemic interest rate projection in the U.S. The renowned investment bank has stated that inflation will remain at higher levels to July 2022.
Goldman Sach’s chief economist, Jan Hatzius wrote, “The main reason for the change in our liftoff call is that we now expect core PCE inflation to remain above 3% and core CPI inflation above 4% when the taper concludes.”
He further said, “Large surprises on the virus, inflation, wage growth, or inflation expectations could prompt a revision, but we think the hurdle for a change in either direction is high.”
Policymakers in the Federal Reserve are expecting to indicate regarding asset tapering and bring forward plans for the process to wind down $120 billion in monthly purchases on treasuries and mortgage-backed securities. The meeting is schedule for the Wednesday this week.

©Photo: Peter Foley | Bloomberg | Getty Images

Clay pottery with table linens
bottom of page