Indian shares set to open higher after bumper U.S. Fed rate cut

September 19, 2024 admin

Image used for representative purpose only. | Photo Credit: ANI Indian shares are set to open marginally higher on Thursday (September 19, 2024) as the U.S. Federal Reserve started its monetary easing cycle with a large 50-basis-point rate cut. The GIFT Nifty was at 25,453.5 points as of 08:08 a.m. IST, indicating the NSE Nifty…

Business

U.S. Federal Reserve makes half-point cut in first rate reduction since 2020

September 18, 2024 admin

People look toward the New York Stock Exchange (NYSE) before the Federal Reserve announcement in New York City, U.S., on September 18, 2024. | Photo Credit: Reuters The U.S. Federal Reserve cut its key lending rate by half a percentage-point Wednesday (September 18, 2024) in its first reduction since the pandemic, sharply lowering borrowing costs…

World