The US Central Bank kept rates unchanged for a third time in a row based on factors like a lower inflation rate, lower unemployment and expectations around an expanding GDP. A strong consumer demand and improving supply conditions have led to an easing of the monetary policy. This is despite the fact that mortgage rates continue to remain amongst the highest ever in the US. The impact of FED’s decision to keep rates stable resulted in a wide spread implication across global markets. In the US, The Dow Jones Industrial Average closed at 37000. The S&P 500 touched the 4700…
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Key Takeaways: When we learn to cook, we all make mistakes and learn from our errors. We understand that some dishes take salt, some sugar and some time. So is the case with baking; there’s not a baker in the world who knows not to constantly peek or poke into a loaf of bread that’s still cooking. So is the case with our investments. The cooking metaphor is one that I love using – because it brings out the interplay between multiple ingredients, which when used in the right manner and right quantity yields a beautiful palatable dish. As Thomas…