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Powell says U.S. Fed will make "judgment call" on costs of new regulations

Raising U.S. bank capital requirements to guard against future losses could increase the cost of credit but that may be justified to ensure the U.S. banking system is safe, Federal Reserve Chair Jerome Powell told Congress on Wednesday. ....

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Indian shares set to open higher after US data lifts sentiment

Indian shares advanced on Friday aided by broad gains across sectors, with benchmarks nearing record high levels, after economic data from the U.S. boosted bets that Fed may be less hawkish than expected. ....

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U.S. House votes down Republican motion to censure Democrat Adam Schiff

The U.S. House of Representatives on Wednesday rejected a Republican effort to censure Representative Adam Schiff, a Democrat who played a leading role in the first impeachment of then-President Donald Trump in 2019. ....

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Rupee edges down as Fed commentary boosts dollar broadly

The Indian rupee edged lower on Thursday as broad strength in the dollar following the U.S. Federal Reserve hinting at further rate hikes this year hurt emerging market currencies. ....

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Major central banks not done with rate hikes just yet

Inflation is easing but major central banks remain hawkish, with a long-awaited pause from the U.S. Federal Reserve this week coming with a warning by the world's most influential interest rate setter that the tightening cycle may not be over yet. ....

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