Softer US inflation data drives Sensex 200 points higher
“The lower-than-expected November CPI inflation in the US which came at 7.1% YoY and only 0.1% MoM confirms the market expectation that the Fed will hike rate by only 50bp today. The consensus terminal Fed fund rate is now slightly below 5%, which is market positive,” V K Vijayakumar, Chief Investment Strategist at Geojit Financial Services said.
