Riding on the back of the FOMC meeting rate hike announcement, and the Fed Chair’s assertions that the US is “not” in a recession and the economy is on track to grow this year, markets across the board rallied. Well, a 75 BPS hike is technically not a healthy sign. However, analysts and market participants were expecting the same. So, the Fed merely delivering didn’t cause chaos in the markets. Besides, given that similar back-to-back hikes have been green-flagged over the past few…
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