US Federal Reserve Meeting: The US Federal Reserve has cut interest rates by 50 basis points, the first reduction in over four years, aiming to reverse restrictive economic conditions. Policymakers expect further rate cuts, targeting a range of 4.25%-4.50% by year-end as inflation nears the 2% goal and unemployment rises.
Related Posts
Wholesale price inflation (WPI) drops to three-month low as food prices decline
Wholesale price inflation eased to a three-month low of 1.89% in November, primarily due to falling food prices, especially vegetables. Experts predict a 0.25% interest […]
Goyal suggests new township for startups as India’s answer to Silicon Valley
Commerce and industry minister Piyush Goyal proposed developing a new township dedicated to startups, aiming to create an ecosystem for entrepreneurs and innovators. Partnering with […]