Why D-Street's relief rally fizzled out despite dovish Fed - Economic Times


6/15/2022 12:00:00 AM2 years 10 months ago
by Amit Mudgill

Along with the highest rate hike in 28 years, Powell delivered the clear message that the Fed has the tools and resolve to achieve price stability. Also, the Fed is significantly reducing the size of its balance sheet. This has negative implications for equit…

NEW DELHI: While the market cheered the US Feds dovish commentary overnight, the rally on D-Street did not last long. Analysts said rate hikes of 75 basis points may continue and that the kick-start … [+3348 chars]

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