Economists in a Reuters poll said the Fed could chart a direction only in September policy review. The US central bank will wait until the fourth quarter before raising rates again, the economists said in the poll. We do not know what event could affect the market, it could be anything, it could be geopolitical or economical. Tomato prices in Delhi's retail market have skyrocketed to Rs 100 per kg and there is no respite expected for at least another two weeks. If that’s a hint, then we may be seeing a reversal of the softening inflationary dynamics in the short term.

Source: Economic Times July 25, 2017 08:02 UTC