On budget day, investors and savers will notice that life goes on as usual. Despite some tweaks in tax regulations and the investment arena, there are no dramatic upheavals. The updates include slight modifications to the securities transaction tax affecting equity derivatives and capital gains on sovereign gold bonds. Meanwhile, the emphasis on nurturing a vibrant corporate bond market persists.
Fed Governor Michael Barr signals more rate hikes needed to tame inflation
Federal Reserve Governor Michael Barr announced that additional rate hikes may be necessary to manage inflation. He indicated that while economic growth is strong, inflation