Page 43 - Us Fed News Today

US politicians, including President Joe Biden, and some mainstream media have recently launched a smearing campaign against Chinas economy, while touting the so-called

The July gathering saw all 11 voting members of the policy-setting Federal Open Market Committee (FOMC) support lifting rates by 25 basis points, as inflation remains stubbornly above the central banks long-term two percent target.

"India can break free of the global concern about high rates because of its very positive domestic fundamentals. India is used to high inflation and high nominal interest rates, its not a shock. Hence, we see no negative drama from Indian asset markets, rather, they take the challenges in their stride and perform well over the coming 6-12 months."

So obviously, inflation outlook could get revised and it is possible that the RBI might maintain some bit of a hawkish stance. But I think nothing major changes we would expect overall.

Using budget cuts to engineer a recession and tame inflation would adversely affect the middle class. There are ways, however, for policymakers to empower the middle class and disempower bankers.

The Fed also said it is creating a new supervisory program to oversee the activities of the banks it supervises related to cryptocurrency, blockchain technology and tech-driven nonbank partnerships.

The RBI, which will announce the policy decision on August 10 morning , is expected to hold rates but its inflation and growth projections will be closely watched

“Our best guess in terms of RBIs rate action would be that possibly the central bank would wait to see how the US Fed is reacting and then take a view in terms of rates. So, yes, sometimes maybe in the first half of next calendar year, our best guess would be at this point in time.”

Traders turn cautious as the RBIs monetary policy committee begin its meeting in a data-heavy week which will also see the release of inflation, industrial production and manufacturing production numbers

Hedge funds extended their June performance surge through July, once again led by Technology, AI and Growth, with gains in these areas complemented by Shareholder Activist, Financials and Commodity sub-strategies as many U.S. companies posted better than expected earnings, the U.S. Fed raised interest rates while inflationary pressures showed additional signs of easing.