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Budget and fed decision drive market rollercoaster
January 29, 2024
|The Business Guardian
The upcoming week in the stock markets is expected to be influenced by several key factors, with analysts highlighting the interim budget presentation, US Federal policy decisions, and corporate earnings announcements as major drivers.
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Investors will closely monitor Finance Minister Nirmala Sitharaman’s interim budget for 2024-25 scheduled for February 1, with expectations for insights into the government’s economic roadmap. The Federal Open Market Committee meeting on January 30 and 31 is anticipated to provide clues on the US interest rate stance.
Market analysts foresee a potential consolidation phase in the markets, driven by the anticipation of the US Federal Reserve maintaining the status quo on interest rates. Additionally, the monetary policy decision by the Bank of England and various economic data releases could contribute to market volatility.
هذه القصة من طبعة January 29, 2024 من The Business Guardian.
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