The FOMC minutes have been released and there was some confusion on the release as to whether they were dovish or hawkish.
Global Economic
Global Economic – The global economy is the worldwide system of trade, production, and finance that connects countries. It involves the exchange of goods, services, and money across borders, driven by businesses, governments, and consumers. This system shapes jobs, wealth, and growth everywhere.
Premium On Effective Government Has Gone Up, Says Raghuram Rajan
The effectiveness of governments is even more important at a time like this, says former Reserve Bank of India Governor Raghuram Rajan while commenting on the widening inequality gap in developing countries like India on account of the pandemic.
Nonfarm Payrolls Preview: Gold Silver Reports | Neal Bhai Reports
Nonfarm Payrolls Preview: Why the dollar could surge in (almost) any scenario.
US Jobs Report Coming up | Indian Rupee Defend | Neal Bhai
US Jobs Report Coming up: It felt like the market didn’t want to commit in either direction on Thursday, perhaps wanting to take some time to hold up and reflect ahead of today’s US jobs report.
Gold Silver Slip: Fed in No Rush to Taper | Gold Silver Reports
St. Louis Fed President James Bullard told the Washington Post on Wednesday that he doesn’t think there is going to be a taper tantrum and argued that markets are well prepared for it, as reported by Reuters.
Yellen Says Higher Interest Rates Would Be ‘Plus’ for U.S., Fed
Treasury Secretary Janet Yellen said President Joe Biden should push forward with his $4 trillion spending plans even if they trigger inflation that persists into next year and higher interest rates.
RBI Announces Rs 1.2 Lakh Crore G-SAP 2.0 Plan To Buy Government Bonds
India’s central bank will buy Rs 1.2 lakh core ($16.4 billion) of bonds under its government-securities-acquisition programme in the July-September quarter, Governor Shaktikanta Das said.