The Fed May Need to Do One, Two More Rate Hikes This Year to Lower Inflation

President Biden and Indian Prime Minister Narendra Modi debuted a series of semiconductor deals. Micron technology will invest more than $800 million toward a $2.75 billion semiconductor assembly and testing facility in India. Lam Research is announcing a training program in India for up to 60,000 engineers. The announcements mean that there will be closer cooperation on projects between the US and India going forward.