Moody’s Investors Service on Thursday lowered calendar 2022 growth forecast for India to 8.8% from 9.1% it projected in March, saying higher prices of crude oil, food and fertiliser will weigh on household finances and spending in the months ahead. The rating agency maintained its 2023 growth forecast for India at 5.4%. Moody’s also slashed … Read more
Taper is behind, but tightening is ahead. That is a subtle one-liner that captures what to expect from the US Federal Reserve going forward. On taper, the US Fed stuck to its schedule. It began the program in early January and quickly finished it by winding down new bond purchases to zero by end of … Read more
In terms of Reliance, I think it will clearly continue to do well. IT to an extent, yes it has already had a fairly good rally but again as we go closer to IT companies reporting in less than a couple of weeks that the expectations will kind of pick up given that Accenture has … Read more
India is prepared to deal with any situation arising out of global developments, including the US Federal Reserve’s decision to roll back monetary easing, and will not allow the economy to suffer, Finance Minister Nirmala Sitharaman asserted on Sunday. In a post-Budget interaction with industry body Ficci, she urged corporates to take advantage of the … Read more
Foreigners are cutting and running in some key Asian emerging markets amid turbulent trading ahead of this week’s Federal Reserve meeting, where policymakers are expected to signal an interest-rate liftoff in March. Bloomberg Overseas funds have sold a net $3.1 billion worth of shares in Taiwan, South Korea and India so far this week, according … Read more
NEW YORK: Investors are recalibrating their portfolios to account for a more hawkish Federal Reserve, as signs that the central bank is ready to pull out the stops in its fight against inflation has shaken up markets in the first week of 2022. Yields on the benchmark 10-year U.S. Treasury are on track for their … Read more
For two years, the stock market has been largely able to ignore the lived reality of Americans during the pandemic — the mounting coronavirus cases, the loss of lives and livelihoods, the lockdowns — because of underlying policies that kept it buoyant. Investors can now say goodbye to all that. Come 2022, the Federal Reserve … Read more
US headline inflation surging to its highest since 1982, to 6.8%, in November 2021 has been an eye-opener. The post-pandemic world has notably changed. When Covid-19 broke out rapidly throughout the world in the initial phases of the pandemic, countries imposed stringent lockdowns to manage the burden on their healthcare infrastructure. While this led to … Read more
NEW DELHI: Benchmark indices managed to open with gains on Wednesday as low-level buying continued even as inflation worries and rising covid cases kept gains in check. While about a 6 per cent fall from the peak in Nifty has made the market healthy, the valuations continue to be high. Therefore, FIIs may continue to … Read more
Mumbai: The outcome of the US Federal Reserve’s monetary policy meeting will help determine whether the roaring bull run of Indian markets, which has led to stock benchmarks hitting new milestones, will continue unabated. The US Federal Open Market Committee (FOMC) meeting will begin Tuesday and end the following day, and will be watched for … Read more