Confused cop! Will conflicting signals from Jerome Powell stop Nifty from hitting record high?

After the US Federal Reserve’s rate-setting panel meeting, Jerome Powell has left the Nifty bulls confused with his dovish and hawkish tones. Although a pause in Fed’s 500 bps rate hiking cycle was expected, Powell’s hints of future rate hikes have spooked investors. However, the short-term impact may see more foreign investors attracted to Indian markets. Interest rates remaining high for longer may impact global growth with negative implications for equities.