As that pain gets greater, Powell said, people should not expect the Fed to dial back quickly until the inflation problem is fixed. Some investors anticipate the Fed will flinch if unemployment rises too fast, with some even penciling in interest rate cuts next year, an outlook U.S. central bank officials have leaned hard against in recent weeks.
Zee Entertainment shares zoom 10%, hit 10-month high on plans to achieve EBITDA loss breakeven
Zee Entertainment shares surged over 10% after the company outlined plans to achieve breakeven in its digital arm Zee5, boost ad revenue by 8–10%, and