The U.S. dollar strengthened to a near one-month high following CPI data that aligned with expectations, reinforcing the likelihood of the Federal Reserve holding interest rates steady. This comes amid political pressure to lower rates, with experts emphasizing the importance of Fed independence. Market participants are observing subdued volatility ahead of potential Supreme Court rulings and upcoming economic data releases.
Budget 2026: Why market may shift from broad rallies to stock-specific bets
A key shift we expect is transition in policy emphasis from stimulating consumption to enabling production, reflecting a broader economic pivot from a ‘Buy India’