The US economy no longer needs increasing amount of policy support, said Fed Chair Jerome Powell as he announced that the central bank would end its pandemic-era bond purchases in March and pave the way for three quarter-percentage-point interest rate hikes by the end of 2022. More on that in today's top headlinesRupee's depreciation spells trouble for stock prices
A steady depreciation in the rupee spells trouble for the rally on D-Street. Historically, most rallies in the equity market have occurred either when the rupee has appreciated or has been stable. In contrast, a decline in the value of the rupee against the dollar has been accompanied by market decline. Read more
US Fed signals 3 rate hikes in the cards in 2022
The Federal
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