Further U.S. Federal Reserve interest rate changes will need to be “finely tuned” to incoming data given risks to both the Fed’s unemployment and inflation goals, Richmond Fed president Tom Barkin said on Tuesday.
Wall Street’s major indexes fell on Friday as weak US jobs data and a sharp rise in oil prices heightened concerns about the economic outlook.
Morgan Stanley has lowered India’s rating to ‘equal weight’. This move is due to geopolitical uncertainties and oil supply concerns. The firm remains positive on
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