- USD is rising on safe-haven flows and hurting demand for riskier assets.
- U.S. 10-year treasury yield falls to lowest level since May
- Federal Reserve Chair Jerome Powell voiced his commitment to taming inflation, even if that meant that the US economy slowed too much and slipped into recession.
- Personal consumption and expenditure fell for a third straight month, a sign that inflation could be easing. However, personal spending also slowed, which is unnerving investors.
- Core personal consumption expenditure (PCE) fell to 4.7% year on year, down from 4.9% in April and 5.2% in March
- INR is hovering around its record lows, data showed that Indian factory output grew at the slowest pace in nine months as demand continued to deteriorate as prices rose.
- India’s manufacturing activity fell to 53.9 in June
We would love to hear back from you. Please Click here to share your valuable feedback