Market Quote : Optimism has inched back today after the last three trading days Says Mr. Vinod Nair, Geojit Financial Services

26/07/2023 4:07:36 PM | Source: Geojit Financial Services Ltd

Market Quote : Optimism has inched back today after the last three trading days Says Mr. Vinod Nair, Geojit Financial Services

News By Tags | #2730 #607 #4943 #879 #1014 #59 #6776

Below Quote on Market 26 July 2023 By Vinod Nair, Head of Research at Geojit Financial Services

Optimism has inched back today after the last three trading days of consolidation ahead of the FOMC meeting. As the market’s ambiguity against the monetary policy is likely to reverse henceforth, going forward we are unlikely to see another Fed rate hike in 2023. This is because inflation has rapidly come down and is forecast to settle down further. However, the interest rate is expected to stay high in the short-term since the rigidity of core inflation remains above the long-term average.

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

Disclaimer: The content of this article is for informational purposes only and should not be considered financial or investment advice. Investments in financial markets are subject to market risks, and past performance is not indicative of future results. Readers are strongly advised to consult a licensed financial expert or advisor for tailored advice before making any investment decisions. The data and information presented in this article may not be accurate, comprehensive, or up-to-date. Readers should not rely solely on the content of this article for any current or future financial references. To Read Complete Disclaimer Click Here

IGI Logo

Market Quote : Optimism has inched back today after the last three trading days Says Mr. Vinod Nair, Geojit Financial Services

Top News

Tag News

More News