Market Quote : Rate hike fears are back in focus in the global markets ahead of the release of CPI numbers Says Mr. Vinod Nair, Geojit Financial
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Quote on Market 12 July 2022 By Vinod Nair, Head of Research at Geojit Financial Services.
"Rate hike fears are back in focus in the global markets ahead of the release of CPI numbers. Inflationary pressures along with strong US jobs data would keep the Fed on the path of aggressive rate hikes. On the domestic inflation front, retail inflation for the month of June is expected to be at 7.03%, maintaining the previous month’s levels. Demand concerns amid the rebound of virus cases in China compelled crude to trade lower"
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