Fed hints at rate cut as inflation nears 2% target, keeps rates steady at 5.25% - 5.50%

The Federal Reserve indicated progress towards its 2% inflation target and hinted at a potential rate cut. Despite the rise in unemployment and moderated job gains, the benchmark interest rate was kept unchanged. This decision came amid pressure from various quarters, including political figures. Financial markets had anticipated a rate cut announcement next month.

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IPL owners' meet: Different views emerge over mega auction

If there's no mega auction, the teams might be allowed to use the Right-to-Match cards to give them an opportunity to retain their top players. Something will have to be worked out for players who are on lower salaries,” a source told TOI.

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