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Published: Nov. 1, 2023 at 5:45 p.m. ET
Producers of metals and other raw materials were flat after the Federal Reserve’s announcement
The producers of metals and other raw materials experienced a stagnant response following the Federal Reserve’s decision to keep rates unchanged. However, there was a warning from the Fed about the potential resurgence of inflation due to stronger economic data.
Treasury yields decline as Fed Chairman discusses growth and inflation
Following Fed Chairman Jerome Powell’s commentary on the projected path of growth and inflation, Treasury yields experienced a decline. Although there is a likelihood of another rate hike in the future due to robust economic data and above-target inflation, Powell stated that the central bank has not yet committed to resuming its rate-hike campaign.
Insights on India’s favorite stocks from three money managers
Discover the favorite stocks in India, as recommended by three money managers. Additionally, explore a comprehensive list of ETFs that focus on this dynamic large economy.
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