Sensex jumps 750 points after Fed outcome; Nifty tops 16,800
After being burned on his call for transitory inflation, Fed Chair Powell will likely continue to try to avoid giving any hints on when they could pause, said Edward Moya, Senior Market Analyst, The Americas OANDA. Moya said Powell would not rule out a 75-basis point rate increase for the next meeting, but he did say that it will likely be appropriate to slow rate increases at some point.
