Will US Fed hike rates in May? What would the decision mean Indian market?
The US labour market still remains tight which is a solid signal that the Fed will stay on course of hiking rates at least in May. However, there are expectations that the US central bank will take a pause after that.
The US Fed has been hiking policy rates since March 2022. This means that the federal funds rate has moved from near zero to the range of 4.75 per cent to 5 per cent in just one year.
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