All three major stock indexes rose as investors digested last Friday s comments from Fed Chair Jerome Powell that the U.S. central bank may need to raise interest rates further to ensure inflation is contained.
The data is "a very soft look at labor demand as outright job openings continue to slide in response to the increasingly evident lagged impact of higher policy rates," Ben Jeffery, an interest rate strategist at BMO Capital Markets said in a note.
The issue is not about India s GDP, but its JDP thehindu.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from thehindu.com Daily Mail and Mail on Sunday newspapers.
coming down. it actually impacts inflation and the house prices have been coming down or actually flattening for the last 12 months. we also have the jobs data last week that came in cooler than before. what does this mean in terms of the feds s next move? that s a really good question. i think that s one more hike left. i don t know if it will be in september or november. probably one more hike left. but you have to recognise that we will have two more reports before we get to that next decision. we ll also have two more inflation reports, so there s a lot of data yet to come. the one thing i think you can be sure about is that we won t get cuts anytime soon. that s one thing that china has been very clear about. do not expect cuts until 202a. is there will more hike in the cards? probably. i wouldn t expect a whole