Fresh turbulence in U.S. banks coupled with debt-ceiling worries in Washington will put the recent world-market stability to the test in May. Wednesday’s U.S. inflation data and Bank of England interest rate decision are also highlights on the calendar, whereas the Chinese data will issue a reality check after March’s surprise. UK businesses may see an uptick due to increased buying groceries and buying coronation memorabilia leading up to King Charles’ coronation. Lastly, finance ministers and central bankers from G7 advanced countries are meeting in Japan to address bulging debt burdens, spillover effects of Russia’s war against Ukraine, and global inflation and supply chain pressures.
Stay focused on domestic fundamentals; no need to react to every US macro move: Sandip Sabharwal
According to Sandip Sabharwal, the proposed US remittance tax is the primary concern for Indians, potentially affecting remittance flows and increasing costs for the Indian
May 23, 2025