The S&P Global Composite PMI shows the Indian economy gained momentum in October
The tricky part: Policymakers get it wrong and let inflation jump out of control by keeping rates too low, or trigger a brutal recession by increasing too much
The ADB report forecasts a Goldilocks scenario for the Indian economy -- strong growth with inflation within the RBI’s target range
High prices are already impacting consumption. If rich countries are seeing this impact, imagine the plight of poorer countries and the choices they have to make
Too much confidence is placed in the view that inflation rises will be transitory
RBI will defend her, if needed by unleashing its Brahmastra
The Fed increased the interest rate by 25 basis points to a range of 0.75 percent to 1.00 percent on strong macroeconomic data and confidence in inflation which is rising to central bank’s target.
The US market offers a curious picture, with the S&P 500 being perched near all-time highs even as bond yields are at an all-time low.
These data "reinforce our view that India is in a goldilocks period of low and stable inflation juxtaposed with a gradual growth recovery," Nomura said in a research note adding that while external headwinds have risen, domestic demand is still holding up well.
Nomura's composite leading index for India suggests that the economy has already hit its trough and is in the early stages of a business cycle recovery.
British police appealed for help on Friday in tracing a suspected burglar they have dubbed "Goldilocks" because he breaks into houses, eats food and then has a sleep.