Perspective on US Fed Statement By Mr. Siddhartha Khemka, Motilal Oswal Financial Services
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Perspective on US Fed Statement by Mr. Siddhartha Khemka, Head-Retail Research, Motilal Oswal Financial Services.
“US Fed statements post the Jakson Hole symposium indicated the central bank's strong commitment towards controlling inflation over growth. In cues for major central banks across the world, Fed Chair Jerome Powell said that inflation is likely to remain higher for longer period and thus require aggressive stance. This is likely to be negative for equity markets. The impact was clearly visible in US markets which fell more than 3%. Indian markets are also likely to react negatively on Monday with increasing volatility over the next few days.”
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