Highlights

Fed to start hiking rates by March
Fed Chief does not rule out the possibility of a 50 bps hike

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

Name: EJ Explains: The Fed fear, why the rate hike is making the markets nervous
Uploaded: 2022-01-27T09:38:12.000+05:30
Duration: T00M39S
Channel: EJ Biz Desk
Description: 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 market...

Fed’s post-meeting statement did not provide a specific time for when the hike would come, indications suggest it could happen as soon as at its March meeting.

Updated: Sep 02, 2022 10:53

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

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.