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The Fed began aggressively raising rates in March 2022, leading to the fastest pace of rate increases in 40 years. The central bank has yet to cut rates even as US inflation has broadly slowed this year.
The US 10-year yield decreased to 4.28%, down around 75 basis points from its recent high of 5.02%. The market is eagerly awaiting the PCE price index, a crucial inflation indicator closely monitored by the Fed.
After a phase of correction the small cap stocks segment has been able once again inch upward. Lower oil prices, softer inflation numbers and of course the fact that money chases short term performance may be the reason. However, small caps are always the riskiest place to take espouse when it comes to equity. But it is also a space where if one is able to find the right stock at the right time, gains are much higher. ET screener powered by Refinitiv’s Stock Report Plus applies different algorithms & filters to all BSE and NSE stocks, and lists stocks which fulfill the various criter...
Spot gold was up 0.1% to $2,043.58 per ounce by 10:17 a.m. ET (1517 GMT), after hitting its highest since May 5.
The dollar index touched a near three-month low, against its rivals, making gold less expensive for other currency holders.