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

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

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

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

Where as Nasdaq fell around 200 points that is 1.79%

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

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