Solid growth and resilience in the world's largest economy trumped investors' disappointment on Nvidia's underwhelming results
Gold prices were just shy of a record peak, while the dollar firmed and the yen hovered near its highest
The only available yardstick for evaluating the tightness of monetary policy is the real interest rate. The nominal repo rate is useless for this purpose
Foreign outflows from Indian equities are compounding the rupee's woes
Inflation and the labor market have both cooled appreciably since then, and Fed Chair Jerome Powell says policymakers think the time for cutting the policy rate is approaching
The global economy is on the cusp of a sustained easing, though not necessarily a dramatic sequence of rate cuts
Investors are hopeful the RBI will soften its stance on inflation following the recent souring of global market sentiment
A sharp spike in food prices drove inflation in Asia's third-largest economy to a five-month high of 5.08 per cent in June
Kalra is confident that North America will continue to be a growth engine for the company going forward
The cuts come after China last week reported weaker-than-expected second-quarter economic data and its top leaders met for a plenum that occurs roughly every five years
Investors seemed well-prepared for news that US President Joe Biden had dropped out of the election race and endorsed Vice President Kamala Harris for the Democratic ticket
Analysts say the rate-setting council will leave a decision on lower rates for the September meeting, after an initial quarter-percentage point cut at the June 6 meeting
The Bank of Canada cut rates by 0.25 per cent to 4.75 per cent in early June, saying monetary policy no longer needed to be as restrictive
The US is back on a disinflationary path, Powell said on Tuesday, although he cautioned that policymakers need more data
ECB cut rates in early June but made no commitment about any further moves, arguing inflation was still too high
Japan's Nikkei rose 0.59%, while blue chip stocks in China were 0.42% lower. Hong Kong's Hang Seng index rose 1.3%
US EV startups are lowering manufacturing costs, laying off workforce, and racing to develop cheaper models to navigate a slump in demand due to steep borrowing costs
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Canada and the European Central Bank have been the first ones to introduce rate cuts, however, they have expressed their concerns about inflation
The futures market is pricing in 50 basis points of rate cuts this year, according to the CME FedWatch tool