 "markets, indian markets, bse, nse, share markets, stock markets")
A faster-than-expected rate hike by the US Federal Reserve (US Fed) giving the spiraling inflation in the United States that hit its highest level of 8.5 per cent in March 2022 sent Indian markets into a tailspin on Friday. Federal Reserve Chairman Jerome Powell hinted at a 50 basis point (bps) hike in May.
Those at Nomura, however, are the most aggressive and see the US central bank hike rates by as much as 75 basis points (bps) in its June and July meetings. The markets, they believe, have been reluctant to price 75 bps hikes, but stronger pricing for such a move would likely ease the path for the Federal Open Market Committee (FOMC) and participants could likely forge
