Global Sentiment: Risk-onFactors: Softer US PPI, Trump-Powell TensionTODAY’S WATCHLIST- Earnings: Axis Bank, Wipro- US Initial Jobless Claims DataTHE BIG STORYFederal Reserve Bank of New York President John Williams said monetary policy remains well-positioned to monitor the economy and assess growing risks, especially from import tariffs. “Maintaining this modestly restrictive stance is entirely appropriate,” he noted, warning that while current inflation effects from tariffs are modest, they’re likely to intensify in the coming months. He expects tariffs to add about 1 percentage point to inflation through early next year. Atlanta Fed President Raphael Bostic echoed that concern, calling the latest price data “a source of concern” and pointing to the sharpest increase seen all year, particularly in imported goods. Though not a voting member this year, Bostic suggested only a single quarter-point cut might be needed, citing uncertainty about inflation’s trajectory.
.png)
