A divided house on market optimism:
“While another unusually large increase could be appropriate at our next meeting, that is a decision that will depend on the data. The labour market is extremely tight, and inflation is much too high”
Chair, US Federal Reserve
“Powell does not seem to be ruling out 100-/75-basis point hikes in September. It’s data dependent”
JONATHAN MILLAR
Economist, Barclays
“We do feel the hikes are going to slow from these levels”
LAURA FITZSIMMONS
Executive director-macro sales, JPMorgan Australia
Also Read: Gold price rises as Fed's Powell allays fears over large rate hikes
“As the tug-of-war between inflation and recession fears plays out in the second half of the year, we expect to see highly volatile markets”
RICHARD FLYNN
Managing director, Charles Schwab UK
“The odds of a recession are 50:50. The Fed’s tools are power tools. They’re not precision tools”
Chief economist, Wrightson ICAP LLC
“Markets chose to hear that the ‘Fed put’ is alive and well, and it fuelled a rally in both equities and bond yields. I think this just sets the stage for a correction, and more volatility ahead”
SONAL DESAI
Chief investment officer, Franklin Templeton Fixed Income
“The Fed is nowhere close to declaring victory over inflation”
ANNA WONG
Chief US economist, Bloomberg
“The market is anchored to the playbook of the last two recessions. The world is different now — inflation is a lot higher”
DEREK TANG
Economist, LH Meyer
“The Fed isn’t going to take its eyes off the prize, which is to get inflation down. A growth slowdown, or even a mild recession, isn’t enough to get them to pivot on restrictive policy”
OMAIR SHARIF
President, Inflation Insights
One subscription. Two world-class reads.
Already subscribed? Log in
Subscribe to read the full story →
Quarterly Starter
₹900
3 Months
₹300/Month
Smart Essential
₹2,700
1 Year
₹225/Month
Super Saver
₹3,900
2 Years
₹162/Month
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Access to Exclusive Premium Stories Online
Over 30 behind the paywall stories daily, handpicked by our editors for subscribers


Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share


Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor


Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements


Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app