Fed chair Jerome Powell, who sounded more hawkish than anticipated, has increased the interest rate forecast to 4.4% by the end of 2022. The indication is that 125 bps more rate hikes can be expected in the remaining two policy meetings scheduled this year.
Asian stocks are expected to open lower following Wall Street’s pause, as investors await key economic data and earnings reports. Trade deal optimism fades, while
Kotak Mahindra Bank’s shares plunged over 7% following disappointing Q1 results, marking the largest single-day drop in 15 months. Analysts see potential upside despite concerns
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