Analysing FOMC Outcome And Powell’s Hawkish Commentary

The focus this week was entirely going to be on the outcome of the FOMC meeting and the Fed did not throw any surprises at the market. The Fed hiked rates by 25 basis points for the first time since 2018 and further, signaled an aggressive path ahead with regard to policy. The Fed also raised its inflation outlook. US indices rose despite this commentary with all 3 indices rising over 1.5% in trade on Wednesday. The handover to Asia was positive and Asian markets have risen smartly as well with the SGX Nifty sitting over 1.5% higher. Jahangir Aziz, MD & Head - Emerging Market Economics Research, J.P. Morgan and Anurag Singh, Managing Partner, Ansid Capital, share their views.Read More