Stable Rates, Rising Stocks?
The current obsession of global markets is inflation and interest rates. Stocks fell in mid-July because of these concerns. The concerns are so huge that investors are brushing off robust growth in earnings, both in India and the US. The minutes of Federal Reserve's meeting on June 28-29 shows that policymakers did not seem to be able to decide whether the current Fed funds rate at 5.25% is...
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