02-03-2023 05:38 PM | Source: PR Agency
The Federal Reserve slowed its drive to rein in inflation Says Mohit Ralhan, TIW Capital
News By Tags | #6952 #8517 #1595 #591

Follow us Now on Telegram ! Get daily 10 - 12 important updates on Business, Finance and Investment. Join our Telegram Channel


Download Telegram App before Joining the Channel

Below is Quote on The Federal Reserve slowed its drive to rein in inflation from Mohit Ralhan - Chief Executive Officer, TIW Capital

The Federal Reserve slowed its drive to rein in inflation and said further interest-rate hikes are in store as officials debate when to end their most aggressive tightening of credit in four decades. Policymakers lifted the Fed’s target for its benchmark rate by a quarter percentage point to a range of 4.5% to 4.75%. The smaller move followed a half-point increase in December and four jumbo-sized 75 basis-point hikes prior to that. Mohit Ralhan – Chief Executive Officer, TIW Capital Quotes “The Fed’s decision of 25 bps hike was in line with market’s expectation. While, we await for the minutes of Fed’s meeting to understand the finer nuances, the press conference of Fed chairman was taken very positively by the markets. While, Mr. Powell emphasized on the continuation of hawkish stance till the inflation in US declines to 2% level, his commentary affirming hat disinflationary process has started in some parts of the economy ring music to the ears of bulls. It indicates that the downward trend in the inflation will also continue and Fed may not increase policy rates beyond 5%. While the risk on the economy and earnings front still remains, the US market now appears to be pricing only one 25 bps hike before Fed halts this phase of continuous hikes in policy rates. We still remain cautious, since corporate earnings is likely to spring a negative surprise and the economy woes may start taking precedence once euphoria on Fed’s expected policy road map settles”


Above views are of the author and not of the website kindly read disclaimer