US Federal Reserve
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Global markets rally to record high levels as investors expect positive US inflation data
Asian stocks rallied to record peaks on Thursday while sterling edged to a four-month high on strong growth figures, as traders counted down to US data that is expected to show inflation easing and pave the way for rate cuts as soon as September.
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US Fed talk on interest rates may keep a lid on FPI flows
The US Federal Reserve’s interest rate googly may be a bit of a dampener for foreign portfolio flows into India in the near term.