Market Quote : Stocks are getting beaten ahead of the release of Fed minutes Says Vinod Nair, Geojit Financial Services
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Below is on Market Quote 20 February 2023 By Vinod Nair, Head of Research at Geojit Financial Services
Stocks are getting beaten ahead of the release of Fed minutes on Wednesday. Maintaining its guard against inflation, the Fed is expected to remain hawkish. As expected, it is unlikely to have a dire effect on the global stock market. However, the consequence of constant high interest rates is causing a slowdown in demand & the earnings outlook, hence the near-term trend will be cautious.
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