Market Quote : The domestic market could hardly hold on to its previous gains Says Vinod Nair, Geojit Financial Services
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Below is on Market Quote 09 March 2023 By Vinod Nair, Head of Research at Geojit Financial Services
The domestic market could hardly hold on to its previous gains as the Fed chair’s reaffirmation of his hawkish statement brought in more worries. In this backdrop, the upcoming US job data will have a substantial impact on the Fed’s policy decisions in its upcoming FOMC meeting. A stronger-than-expected jobs report will prompt the Fed to raise interest rates by 50 bps.
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