Jerome Powell’s speech at Jackson Hole boosted market confidence. Investors are now betting on a September rate cut. This has led to gains in stocks and a drop in Treasury yields. However, concerns remain about stagflation and the Fed’s independence. Donald Trump’s pressure on the Fed is also causing unease. The dollar weakened due to expectations of lower interest rates.
DGGI set to fire up GST recovery drive against gaming firms after Supreme Court’s backing
The Directorate General of GST Intelligence will now aggressively pursue tax recovery from online gaming companies after the Supreme Court upheld a 28% GST levy