Federal Reserve Chairman Jerome Powell
overview
US Federal Reserve Chairman Jerome Powell on Friday said it's time to adjust policy. While the Reserve Bank of India (RBI) has taken a more hawkish stance than the Fed, the shift in US policy will no doubt boost Indian stocks. ET Prime provides a list of stocks that will benefit from the move.
Banking and financial stocks, which have been underperforming benchmark indexes recently, may be trending higher as the market is expecting a rate cut from the US Federal Reserve. Though the Reserve Bank of India (RBI) is more hawkish than the US Fed, not even talking about a rate cut or any change in monetary policy stance, a shift in US policy will definitely boost Indian stocks. Friday (August 23) was the biggest gainer day for stocks as expected.
by
August 26, 2024 4:15 AM
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