Dashed peak inflation hopes spell more pain for stocks and bonds https://ifttt.com/images/no_image_card.png"Today, the inflation data was disappointing. Many hopes for a peak are now dashed," said Ryan Detrick, chief market strategist at LPL Financial. "The fears over inflation and the potential impact of profits in Corporate America are adding to the worries for investors here."
Government's cash surplus tops Rs 3.4 lakh crore https://ift.tt/54P3HSG from the deceleration in government spending, higher direct tax collections and a likely sharp rise in issuances of Treasury Bills by the Centre in FY24 were factors pushing up the government's cash balances, analysts said. The flow of government cash balances to and from the banking system is a key factor that influences liquidity conditions.
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