Market Quote : The highly anticipated Jackson Hole meeting didn`t bring much surprise Says Mr. Vinod Nair, Geojit Financial Services
Below Quote on Market 28 August 2023 By Vinod Nair, Head of Research at Geojit Financial Services
"The highly anticipated Jackson Hole meeting didn’t bring much surprise, as the Fed chair expressed satisfaction with the progress of policy measures and reiterated its commitment to managing inflation within target bounds. This has raised expectations of a rate hike during the November Fed meeting. Global markets traded positively, led by Asian peers, as China's measures to support the property sector boosted sentiment. Domestically, all major sectors, along with mid and small caps, remained positive, except for the IT sector, which faced concerns related to potential rate hikes."
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