EJ Explains: The Fed fear, why the rate hike is making the markets nervous

Updated : Jan 27, 2022 09:38
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EJ Biz Desk

Fed Chairman Jerome Powell delivered what's thought to be the most hawkish press conference since his 2018 "autopilot" debacle. 4 rates hikes and more , with a possibility of a 50 bps hike on the table has rattled global markets and investors are fleeing for cover. 

Also read/watch | Watch what the Fed chief said, that has the markets collapsing 1000 points

Sensex and Nifty also dropped after a 1-day holiday in line with the deep cuts in global markets. Asian stocks dropped by the most in over a month led by technology stocks. 

The fed did not rule out raising rates at every FOMC meeting certainly seemed to have surprised the street, with seven more meetings to go for the rest of the year. 


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