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

Business News Business News Date - 09/03/2023 Date - 09/03/2023

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

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

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

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

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

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

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

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

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