Market Quote : The market now awaits the BOE and ECB decisions Says Mr. Vinod Nair, Geojit Financial Services
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Below Quote on Market 15 December 2022 By Vinod Nair, Head of Research at Geojit Financial Services.
"The Fed has startled the market by maintaining its hawkish tone, as investors were expecting a softer approach after the release of better-than-expected inflation numbers. IT stocks led to pessimism in the domestic market as recession fears grew in the global economies following the Fed’s comments. The market now awaits the BOE and ECB decisions, which are likely to follow a half-point hike."
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