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Quote on US Fed meeting expectation By Sunil Damania, MarketsMojo
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Below on Quote on US Fed meeting expectation By Sunil Damania, Chief Investment Officer, MarketsMojo
It’s certain that the US Fed will hike interest rates, but the debate is how much. We sense that the Fed will increase it by 75bps even though there is a low possibility that the hike could be as high as 100 bps. If the Fed hikes the rate by 75 bps, we don’t expect a significant negative impact on the Indian market. In fact, after every 75 bps rate hike (as seen in June and July 2022), the Indian market rose. We expect a similar pattern to play out this time as well. At the most, the US Fed rate hike could impact Indian market sentiments only for a day and not beyond.
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