Why U.S. Central bank could raise interest rates aggressively?

Business News


Date - 09/03/2023

On Tuesday, 7 March 2023, Federal Reserve Chairman Jerome Powel said to the Senate banking committee

That if inflation data remains strong then the U.S. central bank could raise interest rates more rampantly.

Image Credit - politico.com

Igniting a sell-off on Wall Street in both bonds and stocks, Chairman Jerome Powel said that If the 

Totality of the data were to indicate that faster tightening is warranted then FED would be ready to increase rates.

For the market scenario, some investors think that the Mortgage Rates are high, and a bigger volatility

Could be possible in the market in the coming future but the scene could be good also. But it is all about predictions.

7 March 2023, Tuesday was a fearful day for markets. This is because

What happened in the market recently?

The Dow dropped 575 points, the S&P 500 fell 1.5%, and the tech-heavy Nasdaq composite stopped at 1.3% lower.