CSK vs RCB Dream11 Prediction, Who to Choose Captain, Dream11 Playing 11, Match 1, IPL 2024

You can become the winner of Dream11 by including these players in your fantasy team in the CSK vs RCB match.

IPL (IPL 2024) will start from March 22 and the first match of this season is expected to be quite explosive. The reason for this is that the first match of the 17th season of IPL will be played between five-time champion Chennai Super Kings (CSK) and Virat Kohli's Royal Challengers Bangalore (RCB). Both the teams would like to start the season with a win. In such a situation, fans can see a very good match.
Players who are fond of fantasy games may also be preparing strategies for their Dream11 team.
CSK vs RCB: Match Details
Match: Chennai Super Kings vs Royal Challengers Bangalore, 1st Match
Match date: 22 March 2024
Time: 8 pm Indian time
Location: Chennai

CSK vs RCB pitch report

If we talk about Chennai pitch, it is generally slow and spinners get help here. We can say that Chepauk has a slow turner wicket. In such a situation, the magic of spinners can be seen here. Both the teams have good spinners. CSK has a big weapon in the form of Ravindra Jadeja and he also has a lot of experience playing on this pitch. In such a situation, he can perform well in this match. Apart from this, RCB has Karn Sharma, who is an expert in rotating the ball.

CSK vs RCB Fantasy Tips

The rivalry between Chennai Super Kings and Royal Challengers Bangalore is quite old. Chennai defeated RCB in the 2011 IPL final. Both teams have match-winning players available. Players like Ruturaj Gaikwad, Darryl Mitchell, Ravindra Jadeja, Rachin Ravindra and Mahish Tikshina can be very important in CSK. If you include these players in your dream eleven team then you can get a lot of benefit.
At the same time, RCB also has many legends. Players like Virat Kohli, Faf du Plessis, Glenn Maxwell, Cameron Green and Mohammed Siraj can lead their team to victory. If you select these players then you can get benefit in Dream XI.

CSK vs RCB: Probable playing eleven

Chennai Super Kings: Ruturaj Gaikwad, Rachin Ravindra, Ajinkya Rahane, Shivam Dubey, Daryl Mitchell, Ravindra Jadeja, MS Dhoni (captain and wicketkeeper), Shardul Thakur, Mahesh Tikshina, Deepak Chahar, Mustafizur Rahman.

Royal Challengers Bangalore: Faf du Plessis (captain), Virat Kohli, Glenn Maxwell, Rajat Patidar, Cameron Green, Mahipal Lomror, Dinesh Karthik (wicketkeeper), Karn Sharma, Akash Deep, Mohammed Siraj, Lockie Ferguson.

Wicketkeeper: Dinesh Karthik
Batsmen: Virat Kohli, Faf du Plessis, Ruturaj Gaikwad, Darryl Mitchell.
All-rounder: Ravindra Jadeja, Glenn Maxwell, Cameron Green, Rachin Ravindra.
Bowlers: Shardul Thakur, Mahesh Tikshna.
Captain's first choice: Virat Kohli || Captain second choice: Ruturaj Gaikwad
Vice-captain first choice: Glenn Maxwell || Vice-captain second choice: Darryl Mitchell

CSK vs RCB Match Dream11 (Team 2):

Wicketkeeper: MS Dhoni
Batsmen: Virat Kohli, Faf du Plessis, Ruturaj Gaikwad, Darryl Mitchell.
All-rounder: Ravindra Jadeja, Glenn Maxwell, Cameron Green, Rachin Ravindra.
Bowlers: Mohammad Siraj, Mahish Tikshna.
Captain's first choice: Rachin Ravindra || Captain second choice: Faf du Plessis
Vice-captain first choice: Ravindra Jadeja || Vice-captain second choice: Cameron Green

CSK vs RCB: Dream 11 Prediction – Who will win this match?

Chennai Super Kings team will play the match in their home ground and because of this they can get a lot of benefit. He has a lot of experience of playing in the conditions here and CSK will also get a lot of support from the fans. In such a situation, Chennai has more chances of winning this match.

There may be no US Fed Rate Cut in 2024 as Inflation Remains Sticky

The chances of a Fed rate cut in the calendar year 2024 (CY24) are getting dimmer because the US central bank is having a hard time reducing inflation. This could affect other central banks in emerging markets, including the Reserve Bank of India (RBI), according to Madhavi Arora, Lead Economist at Emkay Global Financial Services.

Arora in a note on March 20 wrote, "We see a high probability of ‘no Fed cuts’ in 2024, as they struggle to get to the last mile of disinflation. This will soon spill over to emerging market (EM) central banks, including the RBI".

The FOMC’s (Federal Open Market Committee) interest rate decision is due on March 20. All eyes are on the US Fed meet outcome and Fed Chair Jerome Powell’s press conference after that.

While the pace of disinflation has slowed and underlying inflation remains elevated, Arora believes there is limited scope for inflation to come down to 2 per cent. This could push the Fed to keep the policy slightly restrictive.

"With inflation stuck between 2.5-3 per cent, we see the Fed returning to the mid1990s strategy of 'opportunistic disinflation': an approach in which the Fed doesn’t take further strong action against inflation, but keeps policy modestly restrictive and waits for external events like favourable supply-side shocks, or an unforeseen recession to finish the job," said Arora.

Due to a modestly restrictive policy, there could be a shallower rate cut cycle or no cuts at all till December 2024, Arora believes.

A crash in EM assets unlikely

The expectations of the Fed rate cut have been a major trigger for the market and a delayed rate cut could be disappointing. However, Arora does not expect a crash in emerging market assets.

"Even with Fed rate cuts timing and quantum getting repriced frequently, US exceptionalism has generally kept global demand and risk assets afloat. A delayed US rate cut cycle may not necessarily change that trend," said Arora.

"For sure, it will spill onto emerging market central banks, including the RBI, but unless it is accompanied by an immediate negative growth shock, we don’t see a crash in emerging market risk assets. That said, neither do we think recession is entirely denied (i.e. it is only delayed), nor do we believe that risk assets will behave without volatility," she said.

Arora believes there could be some upward repricing in the US 10-year treasury which may reverse towards the second half of the year but still stay above 3.5 per cent. Indian rupee and Indian bonds, due to fundamental reasons, could remain a cherry-picked play in emerging markets.

Arora underscored that markets have already taken into account that the Federal Reserve (Fed) will reduce interest rates more slowly. This expectation is reflected in how investors are pricing assets related to other central banks in developed countries.

While this has not yet spilt over into emerging market central banks, it could change following the upcoming FOMC meet, she said.

Disclaimer: The views and recommendations above are those of individual analysts, experts and broking companies, not of Mint. We advise investors to check with certified experts before making any investment decisions.

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Despite strong economy, Fed still expects three rate cuts in 2024

The Federal Reserve (Fed) has recently announced its expectation to implement three rate cuts in 2024. This decision comes as a surprise to many, considering the current state of sticky inflation and a stronger economy. The Fed's move suggests that it is taking a cautious stance toward the economy and its potential risks.

                        Despite strong economy, Fed still expects three rate cuts in 2024

WASHINGTON, March 20 (Reuters) - The Federal Reserve held interest rates steady on Wednesday, but policymakers indicated they still expect to reduce them by three-quarters of a percentage point by the end of 2024 despite stodgier expected progress towards the U.S. central bank's 2% inflation target.

The Fed's new policy statement described inflation as remaining "elevated," and updated quarterly economic projections showed the personal consumption expenditures price index excluding food and energy rising at a 2.6% rate by the end of the year, compared to 2.4% in the projections issued in December.

Despite signs of robust economic growth, inflation has proven to be stubbornly persistent. Over the past year, key inflation indicators have shown an upward trend, exceeding the Fed's target of 2%. This has raised concerns about the potential long-term effects of inflation on the economy. However, the central bank continues to maintain its forecast of three rate cuts in 2024.

Nevertheless, 10 of the Fed's 19 officials still see the policy rate falling by at least three-quarters of a percentage point by the end of this year, a median view first set in December and maintained despite recent stronger-than-expected inflation.

U.S. stocks extended their gains following the release of the Federal Open Market Committee's policy statement while the U.S. dollar ,slipped against a basket of currencies. U.S. Treasury yields fell.

Furthermore, the central bank's decision is also influenced by global economic trends. While the United States has experienced a relatively stronger economic rebound, other major economies are lagging behind. This divergence in economic performance poses a risk to the overall global economy. By implementing rate cuts, the Fed hopes to support global economic stability and minimize the potential spillover effects.

It is important to emphasize that the Fed's decision to proceed with rate cuts does not imply a lack of confidence in the economy's overall strength. Rather, it reflects a prudent approach to manage potential risks and steer the economy towards a sustainable and balanced growth path.

"The May meeting is not live for a cut, barring a financial accident, as the Committee continue to seek further confidence that inflation is returning to target before firing the starting gun on the easing cycle," said Michael Brown, a market analyst at Pepperstone.

Back in December, eleven officials had seen three quarter-percentage-point cuts on tap for the year, and the new policy view came alongside an upgraded outlook for the economy. Growth is now seen at 2.1% for the year compared to just the 1.4% projected in December, while the unemployment rate is seen ending the year at 4%, lower than the 4.1% anticipated in December and barely changed from the 3.9% jobless rate recorded in February.

LONGER-RUN RATE HIGHER

One key measure, the longer-run policy rate, was moved higher by a tenth of a percentage point, from 2.5% to 2.6%, reflecting the views of some Fed officials that the economy can support higher interest rates overall in the future.

The Fed kicked off an aggressive monetary policy tightening cycle two years ago in response to a surge in inflation that would eventually hit a 40-year peak, but it has kept its policy rate in the 5.25%-5.50% range since last July.

The latest projections show the median policymaker expects the Fed's benchmark overnight interest rate to fall three-quarters of a percentage point in 2025, less than the 1 percentage point projected in December as part of a slightly slowed rate cut path, and by three-quarters of a point in 2026 as well, the same as anticipated previously.

"Economic activity has been expanding at a solid pace. Job gains have remained strong and the unemployment rate has remained low," the Fed said in its unanimously approved statement after the end of a two-day meeting.

The statement also repeated that officials are still seeking "greater confidence" in a continued decline of inflation before they begin cutting interest rates, language adopted at the Fed's Jan. 30-31 meeting that is likely to stay in place until just before the first rate reduction.

Fed Chair Jerome Powell will hold a press conference at 2:30 p.m. EDT (1830 GMT) to elaborate on the policy statement and projections.

Investors ahead of the meeting had settled firmly on an anticipated June start to rate cuts. That view was largely reinforced by the outcome of the meeting, but it also leaves the median rate outlook near a tipping point, a fact that could give outsized influence to upcoming inflation reports.

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Devin AI: World's first autonomous AI software engineer

In an unprecedented development, US-based applied AI lab, Cognition has introduced Devin AI, claiming it to be the world's first fully autonomous AI software engineer. This innovative AI agent has already gained attention by passing practical engineering interviews conducted by leading AI companies and completing real jobs posted on Upwork, a well-known freelancing platform.

कार इन्शुरन्स पॉलिसी: सवारी की सुरक्षा के अच्छा विकल्प / Motor vehicle

 

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