Mint Quick Edit | Industrial growth: A modest start

Going by the latest industrial production data, India’s economy hasn’t had a great start to the new fiscal year. Growth in output, as measured by the index of industrial production, slowed in April to 2.7% on the base of a year earlier, down from 3.9% in March. Mining output fell last month, while electricity generation…

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Watch out! The US Fed seems to be driving blindfolded

The Federal Reserve, the central bank of the United States, is driving blindfolded. That’s my single most important takeaway from its policy announcement last week. On the predictable side, the Fed kept policy rates in a range of 4.25-4.5%, and the rate-setting committee pledged to slow the pace at which it’s allowing securities to roll…

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