The US Federal Reserve is expected to raise interest rates for the third consecutive time later today, with traders predicting a 84% chance of a 0.25% rate hike. The increase would take the Fed’s target range to 5.00-5.25%, although inflation is still far from the 2% target. Investors are looking for a signal from Fed Chairman Jerome Powell on whether or not there will be a pause in future hikes. The major support for Indian share indices is the $48m in renewed buying by foreign institutional investors, which has turned the market trajectory positive over the past month.
West Bengal plans incentives to spur industrial investments
The government is exploring off-balance sheet incentives like soft loans to keep the weightage on budget-dependent industrial promotion lower, the finance minister said. Concession on
August 24, 2026