Sensex tanks 581 points as Federal Reserve signals rate hike - Shahpur Turk CSC - Common Service Centre in Sonipat Sensex tanks 581 points as Federal Reserve signals rate hike

28 January 2022

Sensex tanks 581 points as Federal Reserve signals rate hike

A statement by Jerome Powell, chairman of the US central bank, the Federal Reserve, roiled markets around the world after he clearly indicated on Wednesday evening that the Fed would hike rates in March, ending a nearly two-year old market support programme through near-zero interest rate and buying of bonds from markets.

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