Market Quote : The Fed`s decision in the upcoming meeting will have a crucial impact on the market Says Vinod Nair, Geojit Financial Services
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Below is on Market Quote 13 March 2023 By Vinod Nair, Head of Research at Geojit Financial Services
Bloodbath was seen in the global market as the fallout of Silicon Valley Bank was followed by turmoil at Signature Bank, keeping investors worried about the strength of the US banking system. Importantly, the Fed’s decision in the upcoming meeting will have a crucial impact on the market sell-off, as the consensus is reversing to no rate hike trajectory. Also, the US inflation due on Tuesday will have a vital impact in the short-term as the market anticipates a cool down from January levels.
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