Ed Yardeni anticipates Fed Chair Jerome Powell to adopt a wait-and-see approach at the Jackson Hole Symposium. Upcoming inflation and payroll data will influence the Fed’s decision on rate cuts. Yardeni believes inflation is stickier than perceived. He foresees a potential market dip in August-September, followed by a year-end rally. He projects the S&P 500 to reach 6600 by year-end.
India, France near deal on tax treaty, to lower levy on dividends paid to French parent companies
India and France are nearing a revised tax treaty that will reduce dividend taxes for French parent companies holding over 10% stakes to 5%, while
December 12, 2025