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Federal Reserve cuts key rate, sees healthier economy next year

WASHINGTON, December 11, 2025 (AP) — The Federal Reserve reduced its key interest rate by a quarter-point for the third time in a row Wednesday but signaled that it may leave rates unchanged in the coming months. The cut decreased the Fed’s rate to about 3.6%, the lowest it has been in nearly three years. Lower rates from the Fed can bring down borrowing costs for mortgages, auto loans, and credit cards over time, though market forces can also affect those rates. Chair Jerome Powell suggested at a news conference that after six rate cuts in the past two years,

Stock markets snap 3-day slide; Sensex jumps 427 pts on buying in metal, auto shares

Mumbai, Dec 11 (PTI) Benchmark stock indices Sensex and Nifty rebounded on Thursday, cutting short a three-day falling streak following buying in auto and metal stocks and a rate cut by the US Federal Reserve. Rebounding from its early lows, the 30-share BSE Sensex climbed 426.86 points or 0.51 per cent, to settle at 84,818.13. During the day, it hit a high of 84,906.93 and a low of 84,150.19. The 50-share NSE Nifty appreciated by 140.55 points, or 0.55 per cent, to close at 25,898.55. Following initial volatility, the Nifty gradually moved higher and closed near the day’s peak of

Rupee slumps 54 paise to all-time low of 90.48 against US dollar in intra-day trade

Mumbai, Dec 11 (PTI) The rupee plunged 54 paise to an all-time low of 90.48 against the US dollar in intra-day trade on Thursday after reports surfaced that the India-US trade deal is likely by March 2026. Forex traders said the rupee fell to a new all-time low of 90.48 after Chief Economic Advisor V Anantha Nageswaran reportedly said the India-US trade deal is likely to be inked by March. Moreover, prevailing risk-averse market sentiment, compounded by strong US dollar demand from importers, dented investor sentiment. At the interbank foreign exchange, the rupee opened at 89.95 against the US dollar,

Mamata calls Shah ‘dangerous’, warns of dharna if any eligible voter is deleted from list during SIR

Krishnanagar (WB), Dec 11 (PTI) West Bengal Chief Minister Mamata Banerjee on Thursday called Union Home Minister Amit Shah “dangerous”, and warned that she would sit on a dharna if even a single eligible voter’s name was struck off from the list during the ongoing Special Intensive Revision (SIR) of electoral rolls. Launching a blistering attack on Shah, the chief minister said at a rally in Krishnanagar in Nadia district, “The country’s home minister is dangerous. You can see it in his eyes – it’s terrifying. In one eye, you see ‘Duryodhan’, and in the other, ‘Dushasan’.” Alleging that the

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