U.S. central bankers reduced the interest rate target by half a percentage point in September. Federal Reserve Chair Jerome Powell stated that this significant reduction shows confidence in reaching the 2% inflation target, and it should not indicate future cut rates’ pace. Policymakers are divided between focusing on inflation risks and labor market concerns.
Suzlon shares dip 4% on NSE, BSE’s warning letter for non-compliance
Shares of Suzlon Energy fell 4% to a low of Rs 76.35 on the BSE following advisory letters from NSE and BSE. The letters were