Federal Reserve officials appear poised to maintain interest rates for the second consecutive month in the near future, but it does not indicate the conclusion of their tightening strategy.
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In a commencement address at the Ivy League school outside Boston, Winfrey told the graduates that they were bound to stumble no matter how high they might rise, but that "there is no such thing as failure - failure is just life trying to move us in another direction."
This economic data will set the tone for further interest rate action by the Reserve Bank of India, especially in the current scenario where hopes of a rate cut have risen after inflation fell below five percent in April.
International bankers and finance ministers warned on Saturday that Europe's crisis was not over even though the euro currency is now stabilised, it will take years to overcome economic malaise and mass unemployment in Europe.
In the backdrop of the nation going to the polls in 2014 and the UPA's term slowly coming to a close, CNBC-TV18 spoke to a cross-section of policy-makers, representatives of industry and mediapersons to gauge the performance of the alliance.
CNBC-TV18 caught up with Gerard Lyons, chief economist and group head of research at Standard Chartered at Davos 2012 to talk about his expectations of the global economy.
The US federal reserve stepped in today to dismiss some of the concerns surrounding European banks. Top officials said the Fed was treating foreign banks on the same parameters are their US peers, reports CNBC-TV18.
Gerard Minack of Morgan Stanley said the policy makers are running out of options and that is why there is a sense of panic in the developed markets at the moment.
Trevor Williams, economist at Lloyds Bank joins CNBC-TV18 to discuss what is happening in the euro zone, specifically Greece. EU and IMF expectations of Greece are unrealistic, he says. Greece has not been able to meet their needs in the past year and has not been able to pay back.
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