The Indian rupee weakened to around 88.25 per dollar on Friday, hitting an all-time low, pressured by ongoing concerns over steep US tariffs on Indian exports.
inflation
Fed Will Keep Trump Waiting Amid a Wave of Global Rate Cuts [21 July 2025]
Global Rate Cuts: — Donald Trump is struggling to get the Federal Reserve to cut interest rates, but policymakers around the world won’t need so much convincing.
Fed’s Hammack: Tariff impacts remain uncertain
Federal Reserve outlook: Beth Hammack of the Federal Reserve Bank of Cleveland depicted a fundamentally robust economy, despite inflation persistently surpassing the Fed’s target.
Stock Market Update: Dow Falls, S&P 500 and Nasdaq Climb as Inflation Drops to 4-Year Low
Stock Market Update: Discover today’s stock market update: Dow drops due to UnitedHealth, while S&P 500 and Nasdaq rise as inflation hits a 4-year low. Stay informed with simple market insights.
US Federal Reserve Will Likely Keep Interest Rates the Same
The Federal Reserve, which controls money in the US, will probably not change interest rates on Wednesday. They want to learn more about President Trump’s new trade plans before deciding anything. This might upset some people, including the president, who want the rates to change soon.
Forecasting the upcoming week: Investors’ focus remain on tariffs, the Fed and inflation
The US Dollar Index (DXY) closed the week on the defensive and challenging its key 200-week SMA in the mid-102.00s, all against the backdrop of a marked retracement in US yields across the board. The NFIB Business Optimism Index is due on April 8 seconded by the API’s weekly report on US crude oil stockpiles.
Who buys the most Gold?
Central banks are the biggest Gold holders. In their aim to support their currencies in turbulent times, central banks tend to diversify their reserves and buy Gold to improve the perceived strength of the economy and the currency.