A senior Federal Reserve official signaled a potential policy shift if inflation persists above target, highlighting a growing internal debate. While holding rates steady is the baseline, evolving economic conditions, including rising energy costs from the Iran conflict, could necessitate rate hikes or cuts. Upcoming inflation data will be crucial in shaping the Fed’s next move.Read More
Oil prices surged as President Trump issued a stern warning to Iran regarding the Strait of Hormuz. Tehran rejected a ceasefire, insisting on a permanent end to the war, while supply disruptions from Russia and potential further escalation in the Middle East are keeping crude prices elevated.Read More
Indian companies rushed to the non-deliverable forwards market, trading over seven billion dollars on March 30. This surge followed Reserve Bank of India curbs on banks. Companies exploited arbitrage opportunities by buying dollars onshore and selling them in the NDF market. The Reserve Bank has since intensified measures, helping the rupee recover.Read More
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