Equity markets may witness a ‘Santa Rally’ as analysts point to strong technical cues and historical data. The Nifty has historically gained in 77% of year-end periods, with analysts expecting further upside towards 26,500. Stable global cues and low volatility support a continued upward trend.
Chicago Fed President Goolsbee rejects calls for Fed rate cuts to ease US debt burden
Chicago Fed President Austan Goolsbee rejected calls for interest-rate cuts to ease the US government’s debt burden, warning that such a move could fuel inflation