If you hear Kenneth Andrade : He does mention that the current market as of 2023 correlates somewhere to 2013.
Am comparing the relation between 2008 crisis and 2020 crisis and then trying to extend the rope how the series unfolds.
- Kenneth does mention the market will move upwards not easily but with struggle
- He tells us that Indian banks are the best in the world given current scenario
I did notice that the US Bond Yields are going down which is a good sign for inflation – on the contrary the interest rate should go up – but it wont happen… why?
Powell did mention yesterday that they will keep interest rate stable
This is with respect to the price demand during Christmas and the demand/supply gap on any festive season the demand will rise thereby increase in price of commodity and increase in inflation.
Now if FED tries to put pressure on interest rate now that will not yield good result as then they again need to raise it after festive season which is March 2024.
March 2024 – FED might raise the interest rate.
December 3rd will be the count of votes
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