ThePrint

When the US Federal Reserve reduced its interest rate by a quarter percentage point last week, establishing the target range at 3.75-4 percent, it was not a bold stimulus but rather a cautious act of navigation. A prolonged government shutdown has left the Fed operating with limited information on inflation and jobs. For India, this development influences the global cost of capital, investor behaviour, and the overall pace of trade. The rate cut was determined under extraordinary conditions. US GDP grew at an annualised rate of 3.8 percent in the second quarter, but more recent indicators suggest a cooling trend. Unemployment has risen to 4.3 percent, job creation has decelerated, and consumer spending is stabilising. Although inflation has decreased to approximately 3 percent year-on-year, it still exceeds the Federal Reserve’s 2 per cent target. Typically, policymakers would review fresh September data before making decisions, but since those reports never came, the Federal Reserve had to rely on August data. Bidisha Bhattacharya has more in #ThePrintEconomix----more----Read full article here: https://theprint.in/opinion/economix/us-interest-rate-cut-india/2776495/

https://theprint.in/diplomacy/modi-to-inaugurate-punatsangchhu-ii-hydropower-project-during-4th-visit-to-bhutan-since-2014/2776984/

Donald Trump’s 60 Minutes interview had a key point missing -- when the US President mentions Pakistan conducting nuclear tests. The line was edited out by CBS but appears in the full 73-minute video, posted online by Trump. In episode 1751 of #CutTheClutter, ThePrint Editor-in-Chief Shekhar Gupta talks of what the return of nuclear blackmail means for India. He also discusses Saudi Arabia, Abraham Accords, China and Taiwan.----more----Watch the full transcript of Norah O'Donnell's interview with President Trump here: https://x.com/allenanalysis/status/1985170471621464211?s=12&t=2jDrrzSUXD-tAdUWS18ruA----more----Read the full transcript of Norah O'Donnell's interview with President Trump here: https://www.cbsnews.com/news/read-full-transcript-norah-odonnell-60-minutes-interview-with-president-trump/

Mahmud Durrani, a long retired Pakistani Major General, was taken away at 84 last week by the heart condition he had dealt with for more than four decades.  As Pakistan’s NSA, barely five weeks after 26/11, he emphatically told the media that Kasab was indeed a Pakistani and it made no sense to hide that truth. Durrani was made to resign immediately. 

In this edition of #FirstPersonSecondDraft, ThePrint Editor-In-Chief Shekhar Gupta recalls his conversation with Mahmud Durrani & how he pursued his peacemaking. 

https://theprint.in/opinion/first-person-second-draft/mahmud-durrani-general-shanti/2775854/

ThePrintAM: Who are the strongmen of Mokama & why do they have such heft in Bihar politics?

https://theprint.in/judiciary/delhi-riots-case-delhi-police-cite-regime-change-bid-plot-to-draw-eyes-to-caa-during-trump-visit/2773760/

Pakistani economy has collapsed over the last 15 years, especially in comparison with India and also Bangladesh. In episode 1750 of #CutTheClutter, Shekhar Gupta explains how Pakistan’s economy has fallen far behind. He also looks at the key turning points, how Bangladesh grew under Hasina & where India’s growth took off. ----more----Read Financial Times’ article here: https://www.ft.com/content/9fb7dc91-0678-452f-8865-05ee0a1c0704----more----Read ThePrint #Economix by Bidisha Bhattacharya: https://theprint.in/author/bidisha-bhattacharya/----more----Watch ThePrint #Economix by Bidisha Bhattacharya on Bangladesh’s economic crisis: https://www.youtube.com/playlist?list=PLfa0eRI2uIaRNr_WoYa9Ey60TTpJyN-QJ

LDF eyes hat-trick win in 2026 assembly elections, with Kerala also set to witness local body polls in December. For the new steps, the govt will incur expenditure of Rs 10,000 cr.----more----https://theprint.in/politics/polls-on-horizon-pinarayi-govt-makes-big-moves-hikes-in-pension-asha-workers-honorarium-new-schemes/2773403/