Fed increased interest rates by 75 basis points for the third consecutive time, sees more increases ahead

Yesterday Federal Reserve increased interest rates by 75 basis points for the third consecutive time

This is the third consecutive time they have raised the interest rates

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In their forcast they have anticipated they would reach 4.6% in 2023 to fight against inflation

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In a statement after two-day meeting in Washington, Federal Committee repeated that it “is highly attentive to inflation risks.

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After their rate hike, US Stock market Dow fell 1.70%

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Where as Nasdaq fell around 200 points that is 1.79%

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Now today it would be intresting to see how Indian market reacts on this rate hike

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It is expected that Asian market will not take it good and they will fall.

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