Following an impressive rally, the Japanese yen has taken a step back, contrasting with the stability of the U.S. dollar. Dismal inflation reports from the U.S. have led to rising expectations for the Federal Reserve to ease interest rates, with June emerging as a focal point for potential cutbacks.
BofA cuts India’s Nifty 50 earnings forecast as stagflation fears rise
BofA Securities has significantly lowered its earnings growth forecast for Nifty 50 companies to 8.5% for FY27, citing rising stagflation risks and potential impact of