The Reserve Bank of India changed its policy stance to neutral from withdrawal of accommodation while maintaining the repo rate at 6.5%, hinting at a potential rate cut in the upcoming year. Stock and bond markets responded positively, with significant gains in financial sectors.
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