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