The Federal Reserve has again cut interest rates by a quarter percentage point, citing a softening labour market and rising employment risks. Policymakers also announced an end to shrinking their asset portfolio by December 1. While economic growth is described as moderate, inflation remains elevated.
Cement stocks rally on hopes cos will pass on rise in costs
Cement stocks saw a surge today. Manufacturers are likely to increase prices to cover rising fuel expenses. This move is expected to provide some immediate