Market Macros by Shrikant Chouhan, Head Equity Research, Kotak Securities
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Below the Quote On Market Macros by Shrikant Chouhan, Head Equity Research, Kotak Securities
Oil prices declined on Monday after China’s fiscal stimulus measures, announced at the National People’s Congress, fell short of investor expectations, signaling limited impact on fuel demand. In the U.S., the Federal Reserve kept the Federal Funds Rate steady at 4.75%, aligning with market forecasts as officials aim to maintain stability amid inflationary pressures. Additionally, U.S. Consumer Credit came in at $6.0 billion, significantly below the anticipated $12.2 billion, while consumer sentiment rose to 73.0, exceeding expectations and indicating positive consumer outlook.
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