![]() ![]() These do not represent the views of The Economic Times)ĭon’t miss out on ET Prime stories! Get your daily dose of business updates on WhatsApp. 25-26 Press Conference Statement on Longer-Run Goals and Monetary Policy Strategy Principles for Reducing the Size of the. (Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. A day after the last two rate hikes, the market ended lower by 0.57% and 0.11%. Fed's first mega hike of 75 bps in mid-June had left Sensex lower by nearly 2%. The next six meetings proved to be a mixed bag as the Sensex ended 3 times on the higher side. WASHINGTON, May 24 (Reuters) - Federal Reserve officials 'generally agreed' last month that the need for further interest rate increases 'had become less certain,' with. Since its December 1 peak, Sensex has lost 1,452.5 points as investors were worried about high valuations and FII outflow.įed's first meeting of this calendar year in January 2022 in which Powell had hinted at hiking rates in its next meeting had left the Sensex down over 580 points. At more than triple the Feds target, hot inflation is why the central bank is widely expected to ramp up the pace of rate hikes with a half-point increase at each of its next three meetings, and. ![]() Other than the Fed, the European Central Bank, the Bank of England and the Swiss National Bank would also release rate decisions in the action-packed week.Īnalysts suggest investors to be cautious ahead of the Fed meeting outcome and avoid making any directional trades. If those expectations change, risk appetite could struggle significantly," said Edward Moya of OANDA. "A big risk for next year is that many traders are still expecting the Fed to cut rates at some point in the fourth quarter. Investors appear confident that the Fed will stop tightening once the terminal rate peaks around the 5% to 5.25% levels. The period begins on midnight of the second Saturday preceding an FOMC meeting and lasts until midnight the full day following the meeting, unless otherwise. ![]()
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