Federal Reserve policymakers are debating the pace and extent of future interest rate reductions. Doves prioritize labor market risks and favor quicker cuts, while hawks emphasize inflation concerns and advocate for a more cautious approach. Recent economic data and policymaker comments reveal a range of perspectives on the appropriate path forward.
Rupee shifting to 87-87.50 range against dollar; expects 50-75 bps rate cut in CY25: Upasna Bhardwaj
Upasna Bhardwaj, Chief Economist at Kotak Mahindra Bank, forecasts the rupee shifting towards 87 against the dollar. She projects GDP growth at 6.1% for FY25