[ad_1] Inflation concerns may well have given Donald Trump the US presidency. His campaign harped on the elevated cost of eggs and bacon and argued that his predecessor Joe Biden, along with Fed chair Jerome Powell, had enabled an “inflation nightmare.” Now, he faces public inflation expectations that are utterly divorced from reality and could…
[ad_1] US stocks opened lower on Tuesday, as investors awaited a testimony from Federal Reserve Chair Jerome Powell for insight on interest rates and trade tariffs. At the opening bell, the Dow Jones Industrial Average fell 69.0 points, or 0.16%, to 44,401.38. The S&P 500 fell 17.1 points, or 0.28%, to 6,049.32​, while the Nasdaq…
[ad_1] US stocks edged higher on Monday as steelmakers surged after US President Donald Trump said he would impose 25% tariffs on steel and aluminum imports. Trump also said he would announce reciprocal tariffs on all countries on Tuesday or Wednesday. As of 10:15 am Eastern time, the S&P 500 was up 0.6%. The Dow…
[ad_1] The interest charged on loans is the most important price in an economy. And its rate is nudged up and down by the lender of last resort—the Reserve Bank of India (RBI) in our case—for good reason. It helps keep the economy’s growth path stable. Inflation held on a tight rein, RBI’s explicit mandate…
[ad_1] The Reserve Bank of India’s monetary policy committee (MPC) on Friday cut the key policy interest rate by 25 basis points to 6.25% to support growth. At a post-policy press conference, new RBI governor Sanjay Malhotra spoke on a range of issues such as implementation of the proposed guidelines on liquidity coverage ratio (LCR),…
[ad_1] The backdrop of the monetary policy committee (MPC) meeting later this week is a complex one. Growth momentum has slowed in 2024-25. Headline retail inflation is still high despite softening from the recent peak. The government maintained strong fiscal discipline, despite offering tax concessions towards boosting private consumption, reflecting a decelerating expenditure budget. Importantly,…
[ad_1] While these skills remain indispensable, the current global context demands that business leaders acquire another critical competency: geo-strategic competency, which comprises geopolitical and geo-economic acumen. Also Read: Welcome Elon Musk, the shadow president-elect of the United States After the collapse of the Soviet Union, the world embarked on a path of economic integration driven…
[ad_1] Wall Street investors will have a plenty of economic data to watch for in the week ahead. The major spotlight would be on jobs data for January, the University of Michigan’s preliminary consumer sentiment report, and manufacturing data for January. Besides economic data, the markets are likely to show some reactions to Donald Trump’s…
[ad_1] Mumbai: After finance minister Nirmala Sitharaman delivered a consumption-supporting budget, the ball is now in the Reserve Bank of India’s (RBI) court to deliver the last-mile push to growth with a rate cut next week. A majority of economists believe that the budget has set the stage for a rate cut by keeping fiscal…
[ad_1] Wall Street stocks opened higher on Friday, led by gains in Apple following its upbeat results and on an in-line Federal Reserve-preferred inflation. At the opening bell, the Dow Jones Industrial Average rose 172.2 points, or 0.38%, to 45054.36. The S&P 500 rose 25.6 points, or 0.42%, to 6096.79​, while the Nasdaq Composite rose…
