The US Federal Reserve is widely expected to raise its benchmark lending rate for a tenth — and possibly final — time on Wednesday, as it continues its fight against high inflation. The US central bank is likely to take this decision despite growing signs that the American economy is slowing down, with many economists … Read more
Washington, DC CNN — Spending at US retailers fell in March as consumers pulled back after the banking crisis fueled recession fears. Retail sales, which are adjusted for seasonality but not for inflation, fell by 1% in March from the prior month, the Commerce Department reported on Friday. That was steeper than an expected 0.4% … Read more
“The correction in valuations presents a good opportunity to invest and accumulate businesses that pass the Darwin test – survived and thrived over time and have significant MOATs,” says Jayesh Faria, Associate Director, Regional Head- West, Motilal Oswal Private Wealth. In an interview with ETMarkets, Faria said: “Sustained slowdown in India, as well as the … Read more
“So, emerging markets will be your first port of call where you are going to see growth either from a recovery or for just general growth compared to the rest of the world,” says Andrew Holland, CEO, Avendus Capital Public Markets Alternate Strategies LLP. Are you more constructive on the market in India or are … Read more
Stocks struggled to make headway on Wednesday, the dollar nursed losses and bonds clung to gains, as signs of a slowing U.S. labour market made investors nervous about the economic outlook, while a bigger-than-expected rate hike lifted the kiwi dollar. Asia trade was thinned by holidays in Hong Kong and China, leaving MSCI’s Asia-Pacific index … Read more
Goldman Sachs on Wednesday lowered its forecast for fourth-quarter U.S. gross domestic product (GDP) growth, citing risks to the lending environment as smaller banks pull back on loans to preserve liquidity in the face of a banking crisis. Analysts at the firm now expect year-over-year growth of 1.2% for the quarter, down 0.3 percentage points … Read more
“I would say that we are still in early days of India truly capturing the imagination. The potential is way bigger than the reality and that is one of the things that keeps investors at bay but interest is increasing.,” says Gautam Kumra, Chairman, McKinsey Asia. So between when you left India and reposition in … Read more
Washington: US central bankers opened a two-day policy meeting Tuesday on rising expectations that they will slow the pace of interest rate hikes again, as inflation begins to fade. The Federal Reserve has raised the benchmark lending rate seven times last year, walking a fine line between reining in costs and trying not to tip … Read more
Federal Reserve officials are set to shift down the pace of interest-rate hikes again in the coming week amid signs of slowing inflation, while Friday’s jobs report may show steady demand for workers that improves the chances of a soft landing for the world’s largest economy. Policy makers are poised to raise their benchmark federal … Read more
A potential U.S. recession and tough comparisons to a stellar 2022 are weighing on the prospects of energy stocks delivering an encore to last year’s stunning run, despite valuations that are seen as still comparatively cheap. The S&P 500 energy sector is up 4.2% year-to-date, slightly lagging the rise for the broader index. The sector … Read more