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

Government privatizes Ferro Scrap Nigam Ltd, selling it to Japan’s Konoike Transport for Rs 320 crore, exceeding reserve price.

Government privatizes Ferro Scrap Nigam Ltd, selling it to Japan’s Konoike Transport for Rs 320 crore, exceeding reserve price.

The Indian government has approved the privatization of Ferro Scrap Nigam Ltd (FSNL), selling it to Japan’s Konoike Transport Co Ltd for Rs 320 crore. FSNL is a subsidiary of MSTC Ltd under the Steel Ministry and specializes in recovering and processing scrap from steel production. Konoike’s bid was the highest among two qualified offers, ...

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