AI-led growth continues to draw global capital into the US: Mitul Kotecha

The US Federal Reserve has maintained a hawkish stance, with revised inflation forecasts and the dot plot signalling higher rates for longer. While inflation remains elevated, any easing hinges on moderating price pressures, likely not before early 2025. A hawkish Fed backdrop continues to drive global capital toward US AI-led growth, posing headwinds for emerging markets including India.