Kansas City Fed President Jeffrey Schmid reiterated his opposition to further interest-rate cuts, citing persistent inflation above the Fed’s 2% target and a balanced labor market. He warned against complacency as demand outstrips supply, pushing up services prices. Schmid remains optimistic about economic growth but dismisses current AI-driven productivity gains as a non-inflationary growth driver.Read More
Global markets saw a liquidity rush as escalating Middle East tensions triggered sharp sell-offs across equities, bonds and gold. Investors preferred cash amid rising oil prices and inflation fears, while the U.S. dollar surged. Uncertainty over the conflict’s duration is fuelling volatility and risk reassessment worldwide.Read More
Stock Market Crash: Indian equity markets experienced a sharp downturn, with the Sensex and Nifty plummeting around 2% due to escalating Middle East conflict involving the US and Iran. Surging crude oil prices, heavy FII selling, and global headwinds contributed to the significant erosion of investor wealth.Read More
Indian stock markets saw further declines on Tuesday. Geopolitical tensions and weak earnings are impacting investor sentiment. A seasoned fund manager suggests this correction is more significant than recent ones. Valuations are considered comfortable but not compelling. Domestic-focused sectors like consumer discretionary, autos, and pharma are preferred. Defence stocks show potential but face valuation concerns.Read More
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