The Fed in its policy statement mentioned that it would not flinch in its battle against the most intense breakout of inflation in the US since the 1980s even if that means a “sustained period” of economic weakness and a slowing jobs market.
Benchmark BSE Sensex dropped 72 points as IT shares retreated. Swiggy fell 1.2%, RVNL gained 0.8%, and TVS Motor declined 1.5%. Analyst Viral Chheda advises
The widening yield spreads between corporate bonds and U.S. Treasuries signal growing investor concerns over a potential recession and a global trade war.
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