From US recession to inflation: Why is the market happy? Is it chasing misplaced optimism?
Updated: 29 Jul 2022, 12:12 PM IST
- On July 27, the US Federal Reserve hiked rates by 75 basis points to the 2.25%-2.50% range which was the second consecutive rate hike by the Us Fed.
The market is taking comfort from the fact that the Fed rate hike was on expected lines and the central bank sounded less hawkish this time.