Indian markets remain closed today on the occasion of Shri Mahavir Jayanti.Finally, there is some relief flowing through financial markets worldwide amid optimism that U.S. tariff rates will ultimately end up lower than they are threatened today.Recession and stagflation worries have eased somewhat after U.S. President Donald Trump abruptly announced a 90-day pause on new "reciprocal tariffs" on m...
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May 15, 2026 15:25 ET Apart from the confirmation of Kevin Warsh as the next Fed chair, the main news on the economics front this week included key price data from the U.S. and the first quarter economic growth figures from major economies. Both consumer prices and producer costs have started to reflect the effect of supply shocks due to the Middle East conflict. In Europe, GDP data was in focus, while inflation data from China dominated the news flow in Asia.