During the US Fed meeting, Jerome Powell is expected to indicate a potential rate cut, but with one condition:
After recent inflation reports, Federal Reserve officials are becoming more cautious about potential interest rate cuts this year.
Wall Street traders now anticipate only one rate cut this year, compared to their previous expectations of up to six cuts. Economists still expect two cuts, but some acknowledge that one or even no reductions are possible due to persistent inflation.
The economy is healthier than expected, with strong hiring and consumer spending. Fed Chair Jerome Powell has indicated that rate cuts are not a priority as long as inflation remains elevated.
Powell is expected to reinforce this message during the news conference after the Fed's meeting. If he avoids suggesting rate cuts this year, it could indicate that the Fed is less likely to reduce its benchmark rate.
Scientists Claim It's Important to Hong Kong Hit by Around 10,000 Lightning Strikes Overnight
Hong Kong was lashed by nearly 10,000 cloud-to-ground lightning strikes from Tuesday night to Wednesday morning, according to data from the city`s weather observatory.
Beginning 9:00 pm Tuesday evening, Hong Kong skies put on a flashy display, with the observatory recording 5,9 14 lightning bolts in a single hour as rain bucketed down.
By 10:59 am on Wednesday, it had recorded 9,437 ground-to-lighting strikes, with the majority hitting Hong Kong's New Territories East region.
The city had planned a pyrotechnics show on Wednesday evening to mark May 1, the start of China's Golden Week in which Chinese travellers were expected to holiday in Hong Kong.
Bollywood Star Salman Khan House Firing Case : Accused Anuj Thapan died by Suicide
Brother of Anuj Thapan, one of the accused in the Bollywood actor Salman Khan house firing case who died by suicide on Wednesday, has claimed that his brother has been murdered by the police in custody.
He was not the kind who could have committed suicide. Anuj Thapan, alias Anujkumar Omprakash Thapan, was arrested from Punjab's Sangrur on April 26 and was lodged in a crime branch lock-up at Mumbai police headquarters.
ISRO: To test Ganganyaan Parachutes
The Indian Space Research Organisation ISRO) is likely to undertake an important Test under the Gaganyaan mission to check the parachute system of the crew module in the next few days, according to officials in know of the matter.
The Integrated Air Drop Test (IADT) Will see a Chinook helicopter dropping the crew module from height of around 4-5 km.
The first IADT will test the parachute system under nominal conditions, meaning it will mimic the process of splashdown of the crew module when both parachutes open in a timely manner,‘‘ the official said.
This will be the first in a series of IADT to test the parachute system under off- nominal conditions such as one parachute not opening, both parachutes not opening, or delayed deployment of the parachutes.
After the splashdown of the crew module- the module that will seat the three Indian astronauts - another helicopter will locate the crew module.
The splashdown and recovery of the crew module is also an important step, especially once the crew module turned upside down During the first test vehicle mission last October.
It will depend on findings from these tests,‘‘ said the official.
India has become the primary source of international students in Germany, surpassing China.
German International safe haven authorities accept the number of Indian under studies within the nation will go up to 45,000 in 2024, in spite of the fact that official information will be compiled as it were towards the year-end.
The number has multiplied within the past five a long time, with 42,578 Indian under studies enrolled in Germany in 2023, agreeing to information shared by authorities of the German Government office in Unused Delhi.
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