Sensex rises to 4-Mth high on US cues; FPIs stepping up buys to take it higher
“Those results are consistent with our view that inflation is peaking but remains too high,” said Ed Yardeni, founder and chief investment strategist at Yardeni Research, in a note to clients. “So, we expect that the Fed will hike the federal funds rate again by 75 bps in September then pause rate-hiking for the rest of this year.”
