Articles for tag: Anticipates, Conditions, Cuts, Economic, Federal, Future, gradual, Inflation, Job, Looms, Market, Rate, Reserve, Slows, Stability, Uncertainty

Market News

Federal Reserve anticipates gradual rate cuts as inflation slows, but uncertainty looms over future economic conditions and job market stability.

Federal Reserve anticipates gradual rate cuts as inflation slows, but uncertainty looms over future economic conditions and job market stability.

Federal Reserve Chair Jerome Powell stated that the U.S. economy is seeing slow but steady progress in reducing inflation, which could lead to further interest rate cuts. Speaking at a conference in Nashville, Powell emphasized that disinflation is becoming more widespread and indicated that the Fed’s target inflation rate of 2% is within reach. He ...

Market News

As Haryana’s elections approach, parties compete on welfare promises, pledging support for farmers, women, and job creation amidst economic shifts.

As Haryana’s elections approach, parties compete on welfare promises, pledging support for farmers, women, and job creation amidst economic shifts.

As Haryana prepares for its Assembly elections on October 5, political parties are competing over their welfare promises. Prime Minister Narendra Modi has held rallies to engage voters, while Congress candidate Vinesh Phogat is campaigning alongside party leader Deepender Hooda and wrestler Bajrang Punia. Key themes in their manifestos include support for soldiers, farmers, and ...

Market News

In a dramatic election, Jammu & Kashmir’s parties vie for votes with enticing welfare promises amidst economic uncertainty.

In a dramatic election, Jammu & Kashmir’s parties vie for votes with enticing welfare promises amidst economic uncertainty.

As the Assembly elections in Jammu & Kashmir approach their conclusion, political parties are making welfare promises to attract voters. This is the first election in a decade, and candidates are offering a variety of benefits, including free LPG cylinders, subsidized public utilities, and cash transfers to the oldest woman in each household. These proposals ...

Market News

Iron ore and manganese production surged amid strong demand, reflecting robust economic growth in key sectors like steel and infrastructure.

Iron ore and manganese production surged amid strong demand, reflecting robust economic growth in key sectors like steel and infrastructure.

India’s iron ore and manganese ore production saw impressive growth from April to August 2024. The output of iron ore increased by 7.4% to 116 million tonnes, compared to 108 million tonnes in the same period last year. Manganese ore production also jumped by 15.4% to 1.5 million tonnes, up from 1.3 million tonnes. Iron ...

Market News

China’s bold economic stimulus attempts meet skepticism as officials grapple with deflation and a struggling property sector. Immediate action is crucial.

China’s bold economic stimulus attempts meet skepticism as officials grapple with deflation and a struggling property sector. Immediate action is crucial.

China’s recent economic measures, aimed at strengthening the Market, have sparked optimism among investors. The government’s “blitz” stimulation package includes an interest rate cut and financial aid for the impoverished, reflecting an assertive response to current challenges like post-pandemic recovery and a struggling property sector. However, reliance on military metaphors such as “bazooka” can be ...

Market News

Nageswaran warns of AI’s labor displacement while heralding India’s robust economic growth amidst global uncertainties and promoting sustainable job creation.

Nageswaran warns of AI’s labor displacement while heralding India’s robust economic growth amidst global uncertainties and promoting sustainable job creation.

V. Anantha Nageswaran, the Chief Economic Advisor to the Indian government, recently projected that the Indian economy will grow between 6.5% and 7% in the current financial year, with an impressive nominal growth rate of 11% accounting for inflation. He emphasized that this growth is noteworthy considering global economic challenges. Nageswaran highlighted the post-COVID recovery ...

Market News

Biden and UAE’s Zayed discuss the transformative India-Middle East-Europe Economic Corridor, aiming for global connectivity and sustainable growth.

Biden and UAE’s Zayed discuss the transformative India-Middle East-Europe Economic Corridor, aiming for global connectivity and sustainable growth.

US President Joe Biden and UAE President Sheikh Mohamed bin Zayed recently discussed the India-Middle East-Europe Economic Corridor (IMEC) at the White House, highlighting its potential to enhance international connectivity and promote economic growth. Launched at the 2023 G20 Leaders’ Summit, this ambitious project aims to improve shipping and rail links between India, the UAE, ...

Market News

Sri Lanka’s new president Anura Dissanayake vows to restore governance and tackle economic turmoil after a historic election upset.

Sri Lanka’s new president Anura Dissanayake vows to restore governance and tackle economic turmoil after a historic election upset.

Sri Lanka has a new leftist president, Anura Kumara Dissanayake, who was sworn in after a historic election where he defeated the former leader, Ranil Wickremesinghe. Dissanayake promises to restore clean governance and address the deep economic crisis that led to his election. He plans to renegotiate the unpopular $3 billion IMF bailout. As he ...

Market News

Amid Jammu and Kashmir’s election buzz, shopkeepers lament internet shutdowns crippling their businesses, fearing economic collapse.

Amid Jammu and Kashmir’s election buzz, shopkeepers lament internet shutdowns crippling their businesses, fearing economic collapse.

Srinagar’s Lal Chowk is alive with political talk following the first round of Assembly elections in Jammu and Kashmir. As the focus shifts to the next phase on September 25, many are discussing candidates and their strategies. However, a group of local shopkeepers is raising concerns about the ongoing internet shutdowns, which they believe are ...

Market News

India’s Economic Divide: Southern Success vs. Northern Stagnation—Can Leadership Learn from the Growth Playbook?

A recent report from the Prime Minister’s Economic Advisory Council highlights significant regional differences in India’s development since the 1960s. Southern states like Karnataka and Telangana have thrived post-liberalization, becoming economic powerhouses, while states like West Bengal, Uttar Pradesh, and Bihar have seen declines in their contributions to the national GDP and per capita income. ...

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