Global markets stabilized following the US Federal Reserve’s 25 basis point interest rate cut, though a cautious outlook on further easing tempered initial optimism. US equity futures saw modest gains after a volatile Wall Street session. The Fed’s move, described as risk management, aimed to balance employment risks with inflation control, influencing currencies, bonds, and commodities. Post navigation Taj may exit NYC’s Pierre hotel in $2bn deal ‘Don’t hesitate to invest more, expand capacities’: Sitharaman tells India Inc, lists 3 points – Here’s all you need to know
