The Federal Reserve’s “Beige Book” reported slight economic expansion, subdued employment growth, and modestly rising inflation. Businesses remain optimistic about future demand. The Fed is considering further interest rate cuts, despite persistent inflation, with a decision expected in two weeks. A key inflation measure remains above the Fed’s target, but policymakers believe it is declining.
Thangamayil Jewellery shares crash 32% in a week. What should investors do?
Thangamayil Jewellery shares fell 5%, extending their one-week decline to 32%, after the company said it saw no visible improvement in sales during the first