Federal Reserve Maintains Hawkish Tone as Markets Adjust to Higher Yields

The Federal Reserve reiterated its higher-for-longer policy stance, lifting U.S. yields and affecting global currencies and interest-sensitive sectors like Indian IT.

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5 days ago

Federal Reserve Maintains Hawkish Tone as Markets Adjust to Higher Yields

Federal Reserve Maintains Hawkish Tone as Markets Adjust to Higher Yields
The U.S. Federal Reserve signaled it will maintain a higher for longer interest rate stance due to persistent inflation risks and uneven labor market cooling. Rising Treasury yields exerted pressure on emerging market currencies, including the Indian rupee, while IT exporters faced valuation and demand concerns.