India’s government increased taxes on derivatives trading to control speculation. Data from April and May shows trading volumes remained largely unchanged. While some futures saw a dip, options trading volumes remained strong. The Finance Minister stated the tax aims to deter excessive speculation and protect small investors from heavy losses.
Fed’s Jefferson urges patience on rates; Kashkari sees more hikes ahead
Federal Reserve Vice Chair Philip Jefferson stated that he sees no immediate need for further interest rate adjustments. He emphasized that future decisions would depend