The US Federal Reserve maintained interest rates at 4.25%-4.5% amid rising uncertainty from tariff escalations and mixed economic data. This decision aligns with market expectations, signaling a cautious approach balancing inflation risks and slowing growth concerns. The Fed will continue monitoring economic developments and reducing its holdings of Treasury securities.
Accenture shares tank 11% despite beating Q3 revenue estimates. Infosys ADRs fall 3%
Accenture’s shares plummeted despite exceeding third-quarter revenue expectations, driven by AI-related service demand. The company faces challenges from reduced U.S. federal contracts. Consequently, Indian IT
June 20, 2025