The Fed and the Markets

In a widely anticipated move the US Fed hiked the repo rate by 25 bps, thereby taking the federal funds rate target range to 4.75% to 5%. This job growth remains strong, the unemployment rate has remained low and the inflation remains elevated, but what has changed since the last FOMC meeting is the emergence […]

Inflation remains outside RBI’s target range

The CPI based inflation surged for the month of Feb’23 remained largely stable at 6.44% as compared to levels reported for the preceding month i.e., 6.52%. For two consecutive months, the headline inflation numbers have now remained outside the RBI’s target range. The consumer food price index-based inflation as well as core inflation eased marginally […]

Corporate earnings are under pressure. Expect more compression as growth slows

The Q3 FY23 earnings season has trudged along on more or less on an anticipated and satisfactory terrain. The net sales growth for Nifty 50 and BSE 500 borders on 18.50 percent, and the profit after tax (PAT) growth was 7.6 percent and 5.9 percent, respectively. Relatively better performance, as expected, has come from the […]