A JPMorgan note has said that TCS may see growth recovery from the second half of FY26, and the stock has underperformed Nifty and Nifty IT owing to earnings downgrades.
Monetary policymakers are on divergent paths, but face common threats
In this imaginary farewell address at Jackson Hole, Jerome Powell drops the euphemisms and delivers the blunt, uncomfortable truths the Fed—and the US—have long avoided
The benchmark 10-year yield rose two basis points to 4.34%, extending a move that began on Thursday when wholesale inflation jumped the most in three years
In the August monetary policy, the central bank left the benchmark repo rate at 6.5 percent for a ninth time
The prospect of the US finally easing borrowing costs is shaping trading across financial markets. The yield on 10-year US Treasuries declined two basis points to 3.79% during Asian trading
The US Fed Chair Jerome Powell, at the Jackson Hole address, hinted at possible interest rate cuts, shifting focus from inflation to the labour market, as risks to employment rise.
Jackson Hole Meeting 2024 Highlights: Federal Reserve Chair Jerome Powell said "the time has come" for the U.S. central bank to cut interest rates as rising risks to the job market left no room for further weakness and inflation was in reach of the Fed's 2% target, offering an explicit endorsement of an imminent policy easing.
With the Fed on the cusp of lowering borrowing costs from a more than two-decade high, Powell’s comments will be closely parsed for any kind of signal about the timing, size and pace of interest-rate cuts.
Minutes from the latest Fed policy meeting showed several officials acknowledged a plausible case for cutting rates, before the central bank voted to keep them steady.
The MSCI All Country World Index (MSCI ACWI) too will attempt a ninth day of rise — its longest gaining streak since December, data from Bloomberg showed.
Today, with inflation having come down but remaining above 2% targets, there’s more distance among the group as officials weigh the risk of price pressures remaining too high against the danger of tipping their economies into a downturn. For investors, it makes for a more volatile backdrop
The Fed is hardly alone in contemplating looser policy, with Sweden's central bank expected to cut rates this week, and possibly by an outsized 50 basis points
Setting the stage: Market expectations for the week ahead
Christine Lagarde said in the medium-term a combination of higher investment needs and greater supply constraints is likely to lead to stronger price pressures
The highest long-term Treasury yields in years are headed for a major hearing next week as investors place their bids for two risky auctions — right before the Federal Reserve’s potentially game-changing annual gathering at Jackson Hole.
Jerome Powell’s comment on the three policy lessons from the past means that the US Fed will have to continue to keep interest rates high to fight inflation
The responsibility of central bankers to deliver price stability is unconditional.
US Fed Chair Powell reiterated the central bank’s unconditional commitment to tackle inflation, besides highlighting risks posed by elevated and extended periods of high price growth
BIS general manager says the global economy may be approaching ‘what in aviation is called a “coffin corner”, the delicate spot when an aircraft slows to below its stall speed and cannot generate enough lift to maintain its altitude’
Market experts in India said that the US economic data will need to be watched closely from now on
Tight monetary policy "for some time" means slower growth, a weaker job market and "some pain" for households and businesses
The U.S. economy will need tight monetary policy "for some time" before inflation is under control, a fact that means slower growth, a weaker job market and "some pain" for households and businesses
He said restoring inflation to the 2% target is the central bank’s “overarching focus right now” even though consumers and businesses will feel economic pain.
The index was typically up 0.5% after five days; 0.1% after 20 days; and 4.5% by the end of the year, counting from the day of the speech. In other words, the typical moves are less than one standard deviation, and there isn’t a whole lot of dispersion around the mean. The chair’s speech is generally no big deal.