Nine out of 10 banks polled by ET expect the central bank to hike rates by 35 basis points – 0.35 of a percentage point – or less at the December 5-7 meeting of the monetary policy committee (MPC). While five of the nine predict a rate increase of 35 bps, two expect it will be in a range of 25-35 bps, another two project a 25 bps hike.
Dow ends 400 points higher as investors buy AI stocks; Microsoft rallies
Wall Street experienced gains on Friday, driven by positive performance from Microsoft and AI-related technology stocks. High oil prices and rising US Treasury yields created