Market Quote : Fear of an aggressive rate hike by the Fed on the back of strong employment data Says Mr. Vinod Nair, Geojit Financial
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Quote on Market 10 October 2022 By Vinod Nair, Head of Research at Geojit Financial Services.
"Fear of an aggressive rate hike by the Fed on the back of strong employment data in the US, disrupted the global equity trend. Inflation in the US is forecasted to stay high given low supply and high demand scenarios. To bring some parity in the economy, the Fed will have to target to lower demand by increasing the unemployment rate, which is not factored by the market. In addition, rising crude prices and depreciating rupee is increasing the risk of imported inflation in India, affecting the domestic market."
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