US Senate passes stopgap funding bill to avert government shutdown
November 16th, 2023 11:27
The 87-11 vote marked the end of this year#39;s third fiscal standoff in Congress that saw lawmakers bring Washington to the brink of defaulting on its more than $31 trillion in debt this spring and twice within days of a partial shutdown that would have interrupted pay for about 4 million federal workers.
Stay with megacaps as 2024 ushers in uncertainties: Kotak note
November 16th, 2023 11:27
Kotak notes the market#39;s anticipation of a shift in US policy rates post the Fed#39;s #39;higher-for-longer#39; stance. Hopes for rate cuts due to soft economic data and lower inflation might affect earnings and growth expectations negatively.
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