Tue, Nov 26, 2024 2:49 PM
US markets face Trump tariff risks, Citi economist warns
A Flip by Shubhangi Gupta
Mahindra and Mahindra (M&M), which has set an ambitious target of deriving 30 percent of its total Passenger Vehicle (PV) sales from battery-driven Sports Utility Vehicles (e-SUVs) by 2027, is betting big on its recently unveiled electric origin products. This marks a strategic shift aimed at challenging Tata Motors, which is the undisputed leader in the domestic electric Passenger Vehicle.
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French inflation quickened less than expected as confidence wanes, remaining well below the European Central Bank’s 2% target and supporting the case for interest rates to be lowered further. Consumer prices in the euro zone’s second-largest economy rose 1.7% from a year ago in November, statistics agency Insee said Friday.
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Markets widely expect the Federal Reserve to cut interest rates for the fourth time this year at its December meeting. The question is what the central bank will do next year. Recent sticky inflation prints and evidence the US economy is growing at a solid pace have raised doubts that the Fed will bring down rates as quickly as it previously indicated.
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