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US Fed chairman on policy rates: Would it impact the Indian stock market today?
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Fed Chairman Warsh's hawkish messages at Jackson Hole sent silver prices plummeting. The price of silver per gram fell to 102 TL, while the price of silver per ounce dropped to $66. Markets were shaken by signals of interest rate hikes.
·Ankara, Türkiye
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US Fed chairman on policy rates: Would it impact the Indian stock market today?
In his Jackson Hole speech US Fed chairman Kevin Warsh has indicated that key policy rates in the largest economy in the world could rise in September. The rise could be by 25 basis points. Any rise in the US Fed rate is not likely to amuse investors in Indian markets.
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