Will Bulls Cheer Fed's Rate Cut Decision? | Sensex, Nifty Indicate a Tepid Start | Market Cafe

Will the Bulls be receptive to the Federal Reserve's decision to lower interest rates? The Sensex and Nifty indicate a slow start at Market Cafe. Jerome Powell, the chairman of the Federal Reserve, clarifies that the recent rate cut does not establish a precedent. Will the Federal Reserve continue to decrease rates in the future? The outcome of the FOMC Meeting reveals a significant 50 basis point reduction, which benefits key stakeholders. Following the Federal Reserve's rate cuts, Wall Street experiences a slight decline as the market assesses the substantial reduction. Powell announces that this marks the first time in four years that the Federal Reserve has implemented a 50 basis point interest rate cut.
The government will address employment benefits and welfare schemes for gig workers in India during the E-Shram Portal meeting, with the objective of onboarding them onto the portal. Exciting news for gig workers in India! The Finance Minister has introduced the NPS Vatsalya Scheme to facilitate early retirement planning for children.
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