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The US has reached peak inflation, and as a result, the Federal Reserve Bank has increased interest rates by 75 basis points to a range of 3.0-3.25%, the highest since 2008. The fed rate hike can have a critical impact on the Indian economy.
Loose pandemic fiscal policy, followed by sudden Fed hawkishness, is in line with trends from the 1980s, Bank of America wrote.
Market insights: rising bond yields, heightened recession concerns, and strategic investment strategies unveiled.
The majority of officials said there could be at least one more rate hike this year, keeping market participants nervous
Strong dollar impacts: A weaker Chinese renminbi has erased 2018 tariffs, lessening the impact and intent of Trump-era trade tariffs.