Bank FD rates: In the month of December, five banks, State Bank of India, Bank of Baroda, Kotak Mahindra Bank, Federal Bank, DCB Bank, hiked their interest rates by up to 85 basis points.
really in question and not headed in the right direction. what do you think that fed chair powell does given what we re seeing in the banking sector in this instability? i would be surprised if these two bank failures change chairman powell s perspective on the interest rate trajectory. what i hope will change his perspective is not merely that we re seeing somewhat improved inflation numbers, although we all like to see the inflation numbers come down more quickly, but that we re beginning to see some early signs of slowing down in the labor market. there s some good news in the labor market and bad news in the labor market. we saw the unemployment rate kick up a little bit, but that s because more workers are coming back into the labor market, about 200,000 in the last report. that s a very good thing. that s because wages are up. that s because jobs are available, but that also means there will be lesser wage
188,000 jobs added in october. if this number does come through, it would mark an acceleration from last month. in terms of hourly wage analysts are expecting to see this decreasing to 0.2% while the unemployment rate is expected to remain steady. this is very important because the federal reserve is closely watching the labor market and determining the interest rate trajectory. this is why investors are firmly focused on this report today. also focussing on rhetoric around trade between the u.s. and china, yesterday we heard from president trump that he had a long and very good conversation with the chinese president, easing some concerns around the trade spat. so certainly keep an eye on any headlines around that. that is giving markets a nice boost today. back to you, lewis. and .apple reported fourth