22/04/2022
Jerome Powell Fed chairman spoken yesterday and confirmed that next Interest rate hike will be 50 Basis points. After 30 years highest inflation FED is going hawkish. Resultant US market tumbled on Thursday and Friday morning Asian market. This hike in IR will have major impact on Technology stocks . In India CPI & WPI have crossed the expected rate (4% & 10%) of inflation so there is higher chances that in next meeting of MPC (Monetary Policy Committee) RBI will announce hike in IR. Bloomberg have said this is nothing worst is yet to come .
