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Federal Reserve and Bank of England left interest rates unchanged this week, while both left the door open to additional increases should inflation prove persistent. Policymakers in the US made their decision unanimously, while those in the UK were split. Meantime, Bank of Japan Governor Kazuo Ueda tamped down speculation of a near-term interest rate hike after the central bank chose to stick with its ultra-easy stimulus. Here are some of the charts that appeared on Bloomberg this week on the latest developments in the global economy:US Fed Chair Jerome Powell made clear Wednesday the central bank is close to done raising interest rates, but his colleagues delivered the message that resonated: Borrowing costs must remain higher for longer amid renewed strength in the economy.

Tezu airport in Arunchal Pradesh's Lohit district on Sunday. «A new Terminal Building at Tezu Airport is scheduled for inauguration on September 24, 2023.

FOX News co-host Judge Jeanine Pirro hits the East Coast to visit Rhode Island’s most extraordinary luxury hotel, Ocean House.

self-employment and self-sufficiency, Assam government to provide financial aid to two lakh youth for creating a robust entrepreneurial ecosystem. Assam Chief Minister Himanta Biswa Sarma launched Chief Minister’s Atmanirbhar Asom Abhijan 2023 at a function held at Janata Bhawan. It may be noted that under the scheme, financial aid will be given to two lakh youth for creating a robust entrepreneurial ecosystem. This scheme aims at facilitating self-employment among educated youth, creating entrepreneur oriented ecosystem in the state, generate employment via new ventures, financial assistance to individuals to set up or expand existing enterprises, increase focus on rural economy, and increase the seed capital amount through bank linkages where feasible. Sarma said that the scheme has been designed to create self-employment avenues in the state to enable the youth to fuel development of the state. He also said that the scheme has the potential to strengthen the rural economy. He also said that the unemployed degree holders in engineering, MBBS, BDS, agriculture, animal husbandry, fishery etc will be kept in the first category and will be given Rs.

Larry Summers said on Saturday. Summers co-chairs the Independent Expert Group on strengthening MDB reforms. He said a combination of factors, including promoting free market forces, addressing infrastructure needs- particularly in energy -and undertaking reforms in key states, could catapult India into the high-growth trajectory.

Hindustan Times. Since 2021, after real estate giant China Evergrande group defaulted on its debt obligations, the property sector has slumped in China. Even big firm like Country Garden Holdings continue to fall close to default.

'Making Money' host Charles Payne joins 'The Big Money Show' discusses how the state of the economy will impact 2024 election results and stock market winners and losers.

The US dollar index is on track to extend its winning streak for the 10th consecutive week, maintaining its robust outlook. This strength is bolstered by the persistent hawkish stance of the Fed after the decision to keep interest rates unchanged this month, as well as lackluster economic data emerging from Europe.

Amit Shah on Saturday said the co-operative sector was «not irrelevant», but it was hurt by political interference in the past. The Narendra Modi government's decision to de-link it from the agriculture ministry gave the sector a tremendous boost, he said. Shah, who also handles the co-operation portfolio alongside the home ministry, was delivering the Laxmanrao Inamdar Memorial Lecture at Mumbai University. Co-operation is a human-centric model where people with minimum capital can contribute to the economy by coming together and compete with those who have access to more funds, he said. He also said that the Modi government brought into mainstream some 60 crore people who did not have bank accounts and were part of the informal economy. The cooperative movement must absorb modern technologies, he said, adding that «mass production and production by masses» is required.

Keeping Russians happy as elections approach or kicking Joe Biden between the legs over Ukraine?  Vladimir Putin reckons he can do both — if ​​oil prices cross $100 a barrel to limit any damage to the Russian economy from his chokes on supply.

China's property sector, once the pillar of the economy, has slumped since 2021 when real estate giant China Evergrande Group defaulted on its debt obligations following a clampdown on new borrowing. Big-name developers such as Country Garden Holdings continue to teeter close to default even to this day, keeping home-buyer sentiment depressed. As of the end of August, the combined floor area of unsold homes stood at 648 million square metres (7 billion square feet), the latest data from the National Bureau of Statistics (NBS) show. That would be equal to 7.2 million homes, according to Reuters calculations, based on the average home size of 90 square metres.

AI promise has masked a big threat in this era of Federal Reserve hawkishness: Real-world borrowing costs have jumped across Corporate America. Now Wall Street is fretting over the monetary danger in a week that Jerome Powell signaled his resolve once again to keep the policy stance tight — sparking a rout across Big Tech and beyond. His tool of choice to cool the still-hot US economy: Ensuring interest rates adjusted for inflation — seen as true cost of money for borrowers — stay elevated. Real yields, which touched decade-highs this week, need to stay meaningfully positive “for some time,” the Fed chief said at the policy gathering. It’s a chilling message for the top-heavy US equity market.

₹10,164 crore worth of Indian equities and offloaded a total of ₹10,100 crore as of September 22, taking into account debt, hybrid, debt-VRR, and equities, according to National Securities Depository Ltd (NSDL ) data. The ₹10,164 crore-figure also includes bulk deals and investment in primary market. Excluding the bulk deals and investment through the primary market, the sell figure in the cash segment rises to ₹18,260 crore, according to analysts.

gold closed with a weekly gain of 0.10% at $1,925 and was up 0.31% on Friday. The week ending September 22 was marked with crucial monetary policy decisions of three key central banks — Federal Reserve, Bank of England and Bank of Japan. The US Federal Reserve, in a widely expected move, skipped a rate hike at its FOMC monetary policy meeting concluded on September 20. However, the Federal Reserve's stance was hawkish as the Central Bank increased the projected rate for 2024 to 5.10% from 4.60%, which implies a rate cut of 50 bps as against the previous estimate of a 100 bps rate cut.

India has the potential and should aim to grow at 8 per cent annually to bring about transformative changes in the lives of millions of people by around 2050, said noted economist and former US Treasury Secretary Larry Summers on Saturday. India's GDP growth in 2022-23 was 7.2 per cent as against 9.1 per cent in 2021-22.

A very common piece of investing advice is that you should conduct your own research and analysis instead of fully relying on somebody else’s recommendations. But how do you do this? When it comes to investing in stocks, the key is to evaluate and analyse the financial statements of the company you are looking at. 

By Carlos Díez de la Lastra Buigues

However, to capitalise on these superior returns, equity investors must navigate through market corrections, which are generally unwelcome, whether they are minor or substantial. Yet, when approached strategically, these corrections can offer valuable opportunities to enhance long-term investment gains. Analysing data spanning the entire 21st century, which encompasses the past 23 years, we observe that major stock market indices such as the Sensex and Nifty 50 have experienced a minimum 10% correction on an annual basis (with the exception of CY2021), a roughly 15% correction approximately every 3 years, and a more significant correction ranging from 30-40% occurring once every 10 years. Sustained negative returns over two consecutive years are very rare.

Base metals prices retreated from their January highs as Chinese economic woes threatened the demand from the world’s largest commodity consumer. Fears of excess supplies and the US Fed’s rate hike policies also added pressure on prices throughout the period. In the benchmark LME platform, prices of the most used industrial commodities like copper and aluminium shed by more than 37% and 17%, respectively since their January highs.

This event has been a long pending ask and expectation of the financial markets, which both the Indian central bank and the government had been actively pursuing and consistently putting forth the Indian point of view. Bond indices serve as crucial benchmarks for the fixed-income market and aid investors in assessing the performance of various debt instruments.

“Struggling Chinese economy and rising crude oil price pushed the dollar index. Elevated crude oil prices along with slower export may keep the rupee at a subdued level,” says Arpit Shah, Co-Founder, Care Portfolio Managers Pvt Ltd. In an interview with ETMarkets, Shah who brings in more than 15 years of experience in the capital markets said, “We advise investors to be company specific, and when you see sharp movement in the price it is advisable to keep rebalancing portfolio.” Edited excerpts:How should one play the midcap and smallcap theme now?Small and midcaps were in the consolidation phase for almost 18 months i.e. from September 21 till March 23. However, during those times, companies' fundamentals improved while valuations remained either flat or lower. So, we believe there is more steam left in this set of companies.