Stephen Miran, the new US Federal Reserve Governor, addressed concerns about his independence. This followed his dissent on rate cut decisions. Miran advocated for steeper rate cuts. He argued for a near-neutral interest rate. He cited no inflation risk and lower housing costs. These views contrast with the Fed’s consensus. Other policymakers favor gradual cuts.
Market Wrap: Sensex falls 142 points, Nifty holds 23,900; HDFC Bank shares tumble 3%
Indian stock market closed in the red, with benchmark indices Sensex and Nifty falling up to 0.2% as Iran-US tensions simmered and rupee declined. Broader
May 27, 2026