The central bankers and markets around the globe will be eying the speech given by Federal Reserve Chair Jerome Powell at the Jackson Hole Economic Policy Symposium later today.
The US central bank's policy rate is now in a target of 4.25-4.50 per cent, the highest level in 15 years, and notably, it was near zero in the early part of 2022.
TCS, among the Nifty 50 companies, was the top loser this morning. It declined over 2 per cent. Analysts attribute the decline to less-than-estimated earnings during the October-December quarter.
Mumbai (Maharashtra) [India], September 6 (ANI): The commentary from the US Federal Reserve at the recently-held Jackson Hole conference on the future trajectory of US monetary policy has infused substantial volatility into global financial markets, said the Reserve Bank of India (RBI) Gover