 "The Fed cuts interest rates amid job market concerns, signaling potential economic shifts ahead of a tight presidential election.")
The Federal Reserve recently cut interest rates by half a percentage point, responding to concerns about the job Market‘s health. Chair Jerome Powell announced this decision, indicating growing confidence that inflation is moving toward the 2% target. The Fed expects to gradually lower rates further, aiming for a range of 2.75% to 3.00% by 2026. ...
 "Finance Minister Nirmala Sitharaman announces key GST reforms, including a GoM to reduce insurance taxes and lower rates on cancer drugs.")
During the 54th GST Council meeting, Union Finance Minister Nirmala Sitharaman announced the formation of a Group of Ministers (GoM) to evaluate the GST rates for life and health insurance. This GoM will be led by Bihar Deputy Chief Minister Samrat Choudhary and is expected to submit its report by the end of October 2024. ...
 "Home Prices Soar Amid Tight Supply and Falling Mortgage Rates in 2024")
A recent Reuters poll suggests that average home prices in the U.S. are expected to rise by 5.4 percent in 2024, with further increases projected for the following years. The forecast is influenced by anticipated drops in mortgage rates, which could improve affordability for buyers. However, tight housing supply continues to pressure the Market, making ...
 "SBI’s Bold Strategy: Quality Over Rates Amidst Banking Challenges")
At the Global Fintech Fest in Mumbai on August 30, 2024, SBI Chairman Challa Sreenivasulu Setty emphasized that banks will focus on improving service quality instead of engaging in a rate war for deposits. He mentioned a slight adjustment in interest rates, particularly for the popular 1-2 year term deposits. SBI recently launched the “Amrit ...
Credit card delinquencies are on the rise, with inflation and higher interest rates being pointed to as the culprits. As prices continue to climb and borrowing costs increase, more and more people are struggling to keep up with their credit card payments. Stay informed on the latest developments in personal finance to better navigate this ...
Welcome to The Indicator from Planet Money on NPR. Get ready to dive into the world of economics and finance with our team of experts. Stay tuned for insightful discussions, analysis, and interviews that break down complex economic concepts into easy-to-understand terms. Tune in to stay informed and ahead of the curve on all things ...
Mortgage rates have finally taken a dip after five consecutive weeks of climbing. Industry experts are now revising their forecasts as rates decrease, providing a potential window of opportunity for homebuyers and those looking to refinance. Stay tuned for more updates on the latest developments in the housing Market. Click to Claim Latest Airdrop for ...
Asian stock markets edged upwards today, as investors continue to anticipate interest rate cuts, with all eyes on the Reserve Bank of Australia’s upcoming decision. Read more about how this optimism is shaping Market trends on Investing.com. Click to Claim Latest Airdrop for FREE Claim in 15 seconds Scroll Down to End of This Post ...
In a recent announcement, the Federal Reserve has decided to keep interest rates at a 23-year peak, signaling no immediate relief for those hoping for a rate cut. This move comes as inflation remains stubborn, complicating efforts to ease the financial burden on Americans. The Fed’s stance indicates they are taking a cautious approach, aiming ...
Bitcoin Experiences a Dip Below $58,000 Amid Concerns Over Potential Federal Reserve Interest Rate Hikes In a surprising turn of events for cryptocurrency enthusiasts, Bitcoin has slipped below the $58,000 mark, causing a stir among investors. This recent slide comes as Market participants digest reports suggesting a potentially tougher stance on interest rates by the ...
