Automobile stocks surged following GST rate cuts. Tata Motors and Mahindra & Mahindra led the gains. Vehicle prices have been reduced, boosting investor confidence. Festive season demand is anticipated to drive sales. Analysts predict growth in smaller car segments. Mahindra & Mahindra shares have seen significant gains recently. August sales showed improvement in two-wheelers and commercial vehicles.
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