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[hfe_template id='11223'] [ad_1] Will the ruling regime resort to regressive policies in response to an unfavourable election outcome? It may be at odds to ask this strange question, that too at this juncture. If anything, this regime has deservedly earned the reputation for some of the most progressive reforms like the Insolvency Code, Direct Benefit Transfer, Monetary Policy Committee, GST and tax reforms etc. The credit for India’s macro-stability and fiscal success goes directly to these reforms. At the same time, the credit for one of the most regressive budgets presented in 2019 also goes to this regime. Fresh from winning the second term with a better tally than its first term, the then new finance minister ventured into one of the most regressive super-rich surcharge in the full budget presented then. Expectedly, it triggered a self-manufactured all-round pessimism across the markets which lasted nearly a year. Of course, the damage was hugely contained by rollin...

[hfe_template id='11223'] [ad_1] The Reserve Bank of India (RBI) is likely to keep its policy interest rates unchanged for the 16th month and signal a sustained vigil on inflation due to volatile food prices, while an undiminished pace of economic growth obviates the need to lower consumer borrowing costs. Given the prevailing situation where food inflation remains uncomfortably high and blistering heat waves pose risks of depleting water levels and lower crop production, the RBI's Monetary Policy Committee (MPC) may push back rate cuts further into the year than was earlier anticipated. An ET poll of 14 respondents unanimously predicted that at the end of its three-day meeting on June 7, the MPC is likely to keep the repo rate unchanged at 6.50% while maintaining its stance of withdrawal of accommodation. This would mark the eight consecutive policy review in which the RBI has maintained a status quo on the benchmark policy repo rate. The repo rate is the rate at wh...

[hfe_template id='11223'] [ad_1] Federal Reserve policymakers continue to expect inflation to fall this year even as the labor market stays strong, leaving them in no hurry to cut the policy rate from the 5.25%-5.5% range they have kept it in since last July. Dallas Fed President Lorie Logan said on Thursday she is still worried about upside risks to inflation and warned the U.S. central bank needs to stay "flexible" and keep "all options on the table" as it watches the data and determines how to respond. "It's really important that we don't lock into any particular path for monetary policy," Logan said at an event in El Paso, Texas. "I think it's too soon to really be thinking about rate cuts." While inflation has been running closer to 3% than 2% so far this year, Logan said, "I think there's good reasons to think that we're headed to 2% - we're still on that path, perhaps a bit slower and a little b...

[hfe_template id='11223'] [ad_1] The Federal Reserve's first-line inflation gauge is about to show some modest relief from stubborn price pressures, corroborating central bankers' prudence about the timing of interest-rate cuts. Economists expect the personal consumption expenditures price index minus food and energy - due on Friday - to rise 0.2% in April. That would mark the smallest advance so far this year for the measure, which provides a better snapshot of underlying inflation. The overall PCE price index probably climbed 0.3% for a third month, according to median projection in a Bloomberg survey. Increases this year stand in contrast to relatively flat readings in the final three months of 2023, underscoring uneven progress for the Fed in its inflation fight. Fed Chair Jerome Powell and his colleagues have stressed the need for more evidence that inflation is on a sustained path to their 2% goal before cutting the benchmark interest rate, which has been a...