Market expert Ajay Bagga said nothing unusual will happen in the market till March 16 and suggested following the President of Federal Reserve Bank of San Francisco Mary C. Daly for more accurate information.

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What impact will Wednesday's Fed minutes have on the market? What was the Fed's decision on raising interest rates during its meeting yesterday? What will be the impact of rising interest rates? Know the full analysis from Ajay Bagga.

At the Fed's December meeting, it was said that the Central Bank was swiftly undertaking the accommodation from 15 billion to 30 billion dollars, and that rate hikes will be considered during March, Ajay Bagga said.

However, when the minutes were released, it said that they will begin normalizing the balance sheet. As a result, the market got extremely dissatisfied. Most people aware of the development did not take it very knidly and said that any such plan must have been spelt out during the December meet. 

The majority of individuals are discussing balance sheet normalization.

Then Federal Reserve Governor Jerome Powell clarified that nothing had been decided yet and that simply conversations had taken place.

Fed has stated that they are concerned about inflation spiralling out of hand, so the accommodations may need to be completed more quickly, but it will be driven by data, Bagga said. As a result, the market breathed a sigh of relief, knowing that nothing will happen until March 16.

Bagga also explained that the Fed board is different from FOMA. Do not consider them as one and avoid rumor-based selling.

He suggested following Mary C. Daly, President, and chief executive officer of the Federal Reserve Bank of San Francisco because she remains the most accurate, whether it is in the month of September, November, or December. 

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