Rate Cuts Might Be Delayed. That's No Reason to Panic.
Markets reacted harshly to the January inflation reading, but the economic backdrop remains positive.
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Markets reacted harshly to the January inflation reading, but the economic backdrop remains positive.
Indian IT stocks faced a downturn in today's trading session due to higher-than-anticipated US consumer inflation data released yesterday, raising concerns about the Federal Reserve's ability to implement multiple rate cuts this year.
Price growth dropped to an annual rate of 3.1% in January, according to official data; above economists expectations of 2.9%. In December, the consumer price index stood at 3.4%.
Since 2000, gold has gained in January 70 percent of the time, but 2024 will go down as one of those years when it fell
January CPI inflation was broadly in line with expectations at 5.1 per cent. - RBI's First Repo Rate Cut By Expected In 3QFY25, Say Market Pundits