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The market is likely to get into some momentum after the rangebound trade seen in previous seven trading sessions, by taking cues from several global and domestic factors, experts said.
Pound US Dollar Exchange Rate Slumps
Even as the earnings season is playing out to script, global macroeconomic factors could linger a while. The US 10-year yield touched 5 percent as the Fed looks to extend its monetary tightening. For India, the bigger worry could be a spike in crude price if the Middle East tension continues to be on the boil
Fed Research on Student Loan Payments and Household Wealth; Powell Speech at Economic Club of New York Is in Focus By James Christie Good day. Research from the Federal Reserve Bank of New York...
"We are attentive to recent data showing the resilience of economic growth and demand for labor. Additional evidence of persistently above-trend growth, or that tightness in the labor market is no longer easing, could put further progress on inflation at risk and could warrant further tightening of monetary policy," Powell said in remarks to the Economic Club of New York.