ECB trims rates: Cuts benchmark rates by 25 bps amid Trump tariff risks; growth path now hinges on trade talks – Times of India

ECB trims rates: Cuts benchmark rates by 25 bps amid Trump tariff risks; growth path now hinges on trade talks – Times of India

ECB President Christine Lagarde (AP) The European Central Bank lowered its key interest rate by 25 basis points on Thursday, citing growing uncertainty from US trade threats and slowing eurozone momentum.In its eighth consecutive rate cut, the ECB reduced its benchmark rate to 2%, down from a recent high of 4%, as policymakers attempt to…

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Nvidia’s Blackwell chips double AI training speed, MLCommons benchmark shows – Times of India

Nvidia’s Blackwell chips double AI training speed, MLCommons benchmark shows – Times of India

Nvidia’s newest Blackwell chips have significantly advanced the training of large artificial intelligence systems, dramatically reducing the number of chips needed to train massive language models, new data released Wednesday shows.The results, published by MLCommons, a nonprofit that issues benchmark performance results for AI systems, detail improvements across chips from Nvidia and Advanced Micro Devices…

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US Federal Reserve keeps benchmark rate unchanged in 4.25-4.5% target range at Jerome Powell-led FOMC meet – Times of India

US Federal Reserve keeps benchmark rate unchanged in 4.25-4.5% target range at Jerome Powell-led FOMC meet – Times of India

US Federal Reserve Chair Jerome Powell (AP Photo) The US Federal Reserve, led by chair Jerome Powell, kept benchmark rate unchanged in 4.25-4.5% target range at the FOMCmeet on Wednesday. “The Committee seeks to achieve maximum employment and inflation at the rate of 2 percent over the longer run. Uncertainty about the economic outlook has…

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US Federal Reserve keeps benchmark rate unchanged in 4.25-4.5% range; projects US GDP growth slowdown – The Times of India

US Federal Reserve keeps benchmark rate unchanged in 4.25-4.5% range; projects US GDP growth slowdown – The Times of India

The US Federal Reserve faces a more complex scenario in its current decision-making process. (File AP Photo) The US Federal Reserve kept the benchmark rate unchanged in the 4.25-4.5% range in its meeting today. “In support of its goals, the Committee decided to maintain the target range for the federal funds rate at 4-1/4 to…

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