Most of the earnings downgrades have happened in commodity-driven sectors like metals, cement, and energy. The continued weakness in rural India has also added to the downgrades in select consumer-facing companies’ earnings. Banks, finance, and automobile companies have seen upgrades.
Fed’s Jefferson urges patience on rates; Kashkari sees more hikes ahead
Federal Reserve Vice Chair Philip Jefferson stated that he sees no immediate need for further interest rate adjustments. He emphasized that future decisions would depend