The CPI based inflation eased for the month of Oct’22 and was reported at 6.77%. The headline inflation number for the preceding month and for the year ago period was 7.41% and 4.48% respectively. The easing in YoY inflation for food prices was the primary contributor to some respite seen in headline numbers. The core […]
The Fed Funds Rate decision was on expected lines, with FOMC hiking the rate by 75 bps. This takes the target range to 3.75% to 4%. The inflation has been running hot at 8% plus headline numbers for 7 consecutive months, a far cry from the Federal Reserve’s target of 2%. Fed has indicated that […]
Brent which is currently at around US$ 88 per barrel is at a very critical level. This is because of three reasons. The first is the likely onset of winter very soon and the expectations of a strong winter which would require higher consumption of fuel for heating devices. Second, the holiday season is going […]
Gold has been mostly range-bound, trading between 1620 and 1720, and the last traded level is 1650. It is widely expected that in the near future gold may remain in narrow ranges and the only factor which gives some potential for strength to gold at this point of time is the occasional talk of gold […]
