With the US Federal Reserve making its intent clear once again last week as regards its battle against inflation, R VENKATARAMAN, chairman, IIFL Securities, in conversation with Puneet Wadhwa says the markets seem to be holding out hope that future rate hikes will not need to be sharp for global recession to kick in. Edited excerpts:
Do you think the market behaviour has been somewhat irrational of late, with respect to the outcome of central bank meetings?
Markets seem to be hoping against hope that future rate hikes will not need to be sharp for global recession to kick in. But inflation