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Federal Reserve Chairman Kevin Warsh stressed commitment to the 2% inflation target. He clarified there is no implicit inflation target above this for the committee and noted that the committee is focused on understanding the underlying inflation dynamics and shocks.
Wall Street experienced a sharp decline as the Federal Reserve maintained interest rates. AI-related chip stocks also saw further losses ahead of key earnings reports. Investors are concerned about the sustainability of AI spending and increasing competition from China. Major companies like Microsoft and Meta Platforms are set to release their quarterly results soon. The…
Disclaimer: The content of this post is sourced from external sites and is for informational purposes only. All rights and…
Disclaimer: The content of this post is sourced from external sites and is for informational purposes only. All rights and…
The US Federal Reserve kept interest rates unchanged, awaiting clearer inflation signals. Renewed fighting linked to Iran pressures oil prices and clouds economic outlook. Inflation remains above the Fed’s target, causing investor concern about potential price increases.
Disclaimer: The content of this post is sourced from external sites and is for informational purposes only. All rights and…
Star Health reported a twenty-five percent net profit increase for the first quarter. Total income rose to Rs 4,471 crore from Rs 3,990 crore a year ago. Gross written premium increased nineteen percent to Rs 4,287 crore during the quarter. The insurer’s underwriting profit surged significantly to Rs 111 crore. Star Health settled nine point…
Jammu and Kashmir Bank reported a 12.6% decline in Q1 net profit to Rs 424 crore due to higher provisions despite improved asset quality. Advances and deposits grew strongly, while net interest margin narrowed, triggering a nearly 13% decline in the bank’s share price.
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