German inflation fell to its lowest level in more than three years in August, a second estimate confirmed on Tuesday, making it easier for the ECB to cut interest rates this week. Inflation eased to 2.0% in August, its lowest level since June 2021, thanks to lower energy prices. German consumer prices, harmonised to compare with other European Union countries, had risen by 2.6% Y/Y in July.
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In the last few weeks, since Powell spoke at the Jackson Hole, there has been a shift in the undertone of the US monetary policy debate. It has shifted from whether the Fed will cut rates to how rapidly the Fed will cut rates. Powell himself has been a votary of a more calibrated approach to cutting the rates based on data inflows.
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Kamdhenu Ventures Ltd share price hit record high after it announced new launch and capacity expansion plans. Kamdhenu Ventures share price opened at ₹48.89 on Tuesday on the BSE, slightly higher than previous close of ₹48.43. The Kamdhenu Ventures share price thereafter gained to hit record highs of ₹49.69 on Tuesday.
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