May’s stable inflation, influenced by service costs and goods prices, sets the stage for potential Federal Reserve interest rate changes. The report highlights slight consumer spending growth and hints at the Fed’s aim for a controlled economic slowdown through core inflation moderation.
Rupee skids sharply before RBI applies the brakes
On Friday, the rupee experienced its steepest decline to date, reaching an all-time low of 85.53 against the US dollar, driven by domestic factors such
December 28, 2024