In April 2024, India’s Consumer Price Index (CPI) inflation was largely unchanged at 4.83% YoY, compared to 4.85% in the previous month. Higher food inflation during the month was offset by the sharper deflation in fuel prices. Food inflation remained…

The US Federal Open Market Committee (FOMC) held the Federal Funds Rate steady in the 5.25-5.50% target range at the May 2024 meeting. The Fed reduced the pace of quantitative tightening to $60 bn from $95 bn earlier.  At the…