Market Quote : The global market`s cautious attitude towards the probability of a sharper rate hike Says Vinod Nair, Geojit Financial Services
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Below is on Market Quote 10 March 2023 By Vinod Nair, Head of Research at Geojit Financial Services
The global market's cautious attitude towards the probability of a sharper rate hike was exacerbated by further negative signs from the US market. Selling intensified as the market awaited the release of US unemployment and non-farm payroll data, which will have a significant impact on the upcoming Fed meeting. However, higher-than-expected jobless claims in the US that came in yesterday helped alleviate some concerns about the Fed becoming stricter.
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