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The US markets were jittery overnight on news on strong economic data which signalled that the interest rate cuts may not come any time soon.
Chinese market regulator has placed curbs on domestic institutional investors as well as for some offshore units
Chinese regulators tightened measures for domestic and foreign institutional investors in stem the stock market rout after China's benchmark CSI 300 slumped to a 5-year low last week
When Fed chairman says that “we do not know where neutral rate of interest is” they are admitting that they have got the decision so wrong in past, said Jain.
The Federal Reserve has been steadfast in adhering to its 2 percent target for inflation. But, Ritesh Jain of Pinetree Macro believes inflation target in western world will move to 3-4 percent