The Pakistan Stock Exchange (PSX) dropped sharply after India imposed tough diplomatic measures in response to the Pahalgam terror attack. The KSE-100 index fell 2.12%, reflecting investor concern. Meanwhile, Indian markets showed resilience, despite geopolitical tensions and IMF’s downgraded growth forecast for Pakistan.
Chicago Fed President Goolsbee rejects calls for Fed rate cuts to ease US debt burden
Chicago Fed President Austan Goolsbee rejected calls for interest-rate cuts to ease the US government’s debt burden, warning that such a move could fuel inflation