Donald Trump's decisive victory in the US presidential election has increased uncertainty regarding the direction the Federal Reserve would take, with implications for the global economy. As expected, the Federal Open Market Committee (FOMC) of the Fed decided to reduce the federal funds rate by 25 basis points last week. The US central bank started reducing rates in September with a 50 basis point cut. It had raised the policy interest rate to the highest level in decades in response to near double-digit inflation rates in 2022. Although the inflation rate moderated significantly in recent months, it remains above the medium-term target of 2 per cent. Nonetheless, the Fed started reducing the policy interest rate with the expectation that the inflation rate would soon align with the target.
Denne historien er fra November 11, 2024-utgaven av Business Standard.
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Denne historien er fra November 11, 2024-utgaven av Business Standard.
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Reciprocal tariffs' may complicate US duty rate structure
The immediate reaction to the Trump-Modi meet in Washington is one of relief that any proposals for imposition of India-specific tariffs by the United States are on hold for the moment.
Deposit insurance offers silver lining
Customers pin hopes on 5 lakh insurance payout as RBI freezes withdrawals
TAKEOVER TANGLE
The eventful battle for Religare tests Sebi's Takeover Code
Punjabi speakers lead Indian asylum claims at US border
Study attributes the surge in Indian asylum seekers in the US to better opportunities overseas, pointing out that stricter policies may strain ties between two countries. ARCHIS MOHAN analyses
Foreign firms' tax burden hits record low in India
Corporation tax cuts, GST reforms, compliance measures behind decline in tax outgo
Women, welfare, rural schemes: Budget sets tone for Bengal polls
While Mamata Banerjee's party has started laying the groundwork to secure a fourth consecutive term in 2026, the BJP hopes to ride on its recent electoral successes. ISHITA AYAN DUTT writes
Dubious history of the presidential pardon
When it comes to pardons, presidents are kings,\" the legal journalist Jeffrey Toobin writes in his new book, The Pardon: The Politics of Presidential Mercy.
GenAI to Become Immersive Across Our Businesses
US investment bank Goldman Sachs was an early mover in India's technology ecosystem, setting up an office in Bengaluru in 2004 for IT and back-office support. In two decades, its operations have grown to cover a wide range of banking functions. GUNJAN SAMTANI, co-chairman of Goldman Sachs, India, and country head of Goldman Sachs Services India, spoke with Avik Das in Bengaluru about Indian engineers and Generative AI (GenAI) in banking. Edited excerpts:
One small step for AI, one giant leap likely for India's footwear market
Reebok co-founder in talks with factories in India to manufacture curated footwear
AI Triggering Shift in HR Depts of Firms
Artificial Intelligence (AI), while reshaping workplaces and redefining efficiency, is also changing the organisations' human resources departments. From recruitment to lead generation and real-time performance audits, companies are fast-tracking AI adoption to streamline core human resource functions.
