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Podcast: Kotak Market Mantra
Episode: Weekly Commodity Podcast by Ravindra Rao | 18th Dec 2023
Description: ๏ผ The markets experienced a surge in positive momentum after the Federal Reserve delivered its strongest indications yet of a forthcoming pivot to easing monetary policy in the coming year.๏ผ For the first time since March 2021, Federal Open Market Committee (FOMC) officials projected no further interest-rate hikes.๏ผ Notably, the fed funds rate was forecasted to be at 4.6% by the end of the next year, signalling a potential 75 basis points rate cutโwell below previous projections of 5.1%.๏ผ the US Dollar slid to 101.77, and US 10-year treasury yields dipped below 4% for the first time since August.๏ผ Ami...