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The Federal Reserve's rate-cut campaign for 2024 may have ended due to a strong labor report, signaling economic resilience. Wall Street experts, including Ed Yardeni and Larry Summers, criticize further easing, fearing inflation risks. Investors and economists debate the central bank's future policy moves.
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Indian markets dropped over 4% this week due to middle east tensions and FII outflows. Major sectors like auto, banks, infra, and energy faced heavy selling. FIIs are moving funds to China, leading to significant cash market selling. Analysts predict continued pessimism with a possible consolidation phase ahead amidst rising crude prices.
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News and Media
The data "basically tells us economic activity in the fourth quarter is likely to remain at a solid pace," said Peter Cardillo, chief market economist at Spartan Capital Securities in New York.
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News and Media
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