US Fed Chairs Statement: Expect Rate Cuts This Year, But Fed Not Ready Yet! Impact On the Market?

Good signals from global markets, rise in US markets after 2 days of decline, Dow closed 75 points higher, 0.5% buying in Nasdaq, good rebound in most IT stocks, pressure on Apple continues, slipped for the sixth consecutive day, US Fed Chairman Statement - Rate cut this year, but Fed is not ready yet, there is a risk of rising inflation, keep an eye on ECB's policy today... Record rise of gold continues in domestic and international markets... Silver at 10 week high.

Updated on: March 07, 2024, 03.00 PM IST
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