The Federal Reserve's decision on interest rates this week could significantly influence the economic and financial landscape in 2025, with a 25-basis-point rate cut expected. Micron, Nike, and others will report earnings, while key macroeconomic data releases include retail sales, home builder confidence, and inflation tracking.
Open FlipUltraTech Cement Limited, the flagship company of the Aditya Birla Group, has initiated a pilot project to transport mineral gypsum via National Waterway 1 (Ganga-Bhagirathi-Hooghly river system).This marks the first instance of a cement company in India using National Waterway 1 for gypsum transport on a large scale, the company said in a press statement.
Open FlipBetween March 2022 and July 2023, the Federal Reserve raised its benchmark rate 11 times. As a result, money market account (MMA) interest rates rose sharply. However, the Fed slashed the federal funds rate by 50 basis points in September and another 25 basis points in November. So deposit rates — including money market account rates — have started falling.
Open Flip