India's stock market is hit by rising interest rates in the United States

By: 600011 On: Apr 17, 2024, 4:37 PM


US Federal Reserve Chairman Jerome Powell has hinted that interest rate cuts may be delayed. He said that inflation is coming under full control. But Jerome Powell said that the recently released figures do not give confidence. This suggests that interest rate reduction will take longer than expected. Inflation in the US rose to 3.5 percent in March from 3.2 percent in February. That's above the Federal Reserve's target of 2 percent. At the same time, the figures show that the economy is still growing strongly. Retail sales rose last month, strong job growth and higher stock prices all suggest this.