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Day: November 14, 2024

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US Producer Price Index rises by 0.2%, aligning with forecasts

This steady PPI figure is encouraging for the US dollar, as the alignment with expectations suggests a stable inflation rate. Such consistency supports a balanced economic outlook, which often strengthens the dollar by reinforcing confidence in the currency’s stability.

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India poised to lead global economy and revolutionise AI, says ex-Cisco exec John Chambers

Speaking at CNBC-TV18’s Global Leadership Summit in Mumbai on Thursday, November 14, Chambers stated, ‘India will become the number one economy in the world, and it will be the fastest growing,’ underscoring the vast potential for economic expansion in a country with 1.4 billion people. Chambers also pointed to the warm diplomatic relationship between PM Modi and US President-elect Donald Trump, which he believes will fuel further growth.