Some good news on the fiscal deficit front in August
On the last working day of September 2023, the Office of the Economic Advisor published the core sector growth for the month of August 2023.
The spike in PCE inflation in the last 2 months shows that the PCE inflation has approximately followed the same trend as the consumer inflation.
Let us turn to the September 2023 mutual fund performance; across the gamut of equity and debt funds.
Positive data flows offset by event risks
Clarity on Fed move – elevated rates for longer
Dollar pressure on Rupee and Gold
Market breadth was positive, with 2246 stocks advancing, 1256 stocks declining, and 152 stocks remaining unchanged.
The restructuring is intended to divide the recycling, lead, zinc, and silver companies into independent legal corporations.
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