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Chicago Federal ​Reserve President Austan ​Goolsbee on Tuesday ​said interest-rate cuts may need to wait until 2027, ‌depending ⁠on ⁠how long oil ​prices stay high.
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Gold and silver prices surged in India, tracking global trends, weaker dollar, and US-Iran dialogue hopes. Gold rose 1% while silver jumped 4%, amid thin MCX trading due to holiday, with analysts warning of continued volatility and key resistance levels ahead.
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The US administration wants Kevin Warsh in place as a new central bank chair “as soon as possible,” with the existing chief’s term coming soon to an end, Treasury Secretary Scott Bessent said Tuesday.
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Wall ​Street’s ​main indexes opened higher ​on Tuesday after reports of fresh ‌efforts ⁠to ease ⁠the Middle East ​conflict boosted sentiment, with ​traders also assessing corporate earnings and ​the March ⁠producer price ‌data.
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Anand Rathi Share and Stock Brokers posted 126% YoY profit growth in Q4 to Rs 41.5 crore, driven by strong non-broking segments, margin expansion, and diversified revenue, despite weak broking income and volatile markets.
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