Quote on Jerome Powell's speech : Markets will be concerned about the tight monetary Says Dr. V K Vijayakumar, Geojit Financial
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Quote on Market Jerome Powell's speech By Dr. V K Vijayakumar, Chief Investment Strategist at Geojit Financial Services
"Powell sounded ultra hawkish in his brief speech at Jackson Hole. The Fed chief warned of "some pain" ahead in the economy. This is an indication that the rate hike in September can be large, even 75 bp in September, even though he reiterated that the rate hike decisions will be data driven. Markets will be concerned about the tight monetary conditions persisting longer than expected. The near-term impact on equity markets will be negative."
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