Market Quote : Better-than-expected inflation readings from major global economies Says Mr. Vinod Nair, Geojit Financial Services.
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Below Quote on Market 14 December 2022 By Vinod Nair, Head of Research at Geojit Financial Services.
"Better-than-expected inflation readings from major global economies, combined with increased appetite for IT stocks, aided the domestic market's bullishness. US CPI inflation easing to 7.1% in November will lower the chances of the Fed being hawkish. Though the Fed is largely expected to raise rates by 50 basis points, their comments on future inflation and rate actions would dominate market movements."
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