Fed's Jerome Powell hints at more rate cuts but warns of 'two-sided' risks The US economy seems poised for a continued slowdown in inflation that will allow the Federal Reserve to cut its benchmark interest rate and "over time" reach a level that is no longer holding back activity, Fed Chair Jerome Powell said Monday in remarks that showed no obvious lean towards a faster or slower pace of rate reductions. Read more ⇒ |
Port workers from Maine to Texas are set to strike Tuesday. Expect shortages and higher prices Longshore workers at ports from Maine to Texas are set to walk off the job early Tuesday, staging what could become the most disruptive strike to the US economy in decades. Read more ⇒ |
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Clock ticks down towards a port strike with little hope it will be avoided Time is running out to avoid a work stoppage at ports along the entire East and Gulf coasts that what could become the most disruptive strike to the US economy in decades. Read more ⇒ |
FPIs withdraw Rs 27,142 cr in 3 trading sessions on geopolitical tensions Foreign investors turned net sellers in October, offloading shares worth Rs 27,142 crore in just the first three days of October due to intensifying conflict between Israel and Iran, a sharp rise in crude oil prices, and improved performance of Chinese market… Read more ⇒ |
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