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Inflation data, Fed interest rate decision to drive markets this week

Markets are again reeling under tremendous pressure across the globe following sticky inflation that could prompt swift actions by the apex banks ahead, say analysts

BSE, stock market, Sensex
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Photo: Bloomberg

Press Trust of India New Delhi
The inflation data for May and the US Fed interest rate decision are the crucial factors that would dictate terms in the equity market this week, analysts said.
 
Moreover, foreign fund trading activity, movement of rupee and crude oil prices would be the other key monitarables for the markets, they added.

"All eyes will be on the US FOMC (Federal Open Market Committee) decision scheduled on June 15, and the market is fearing aggressive rate hikes amid inflation monster. Bank of Japan will also announce its credit policy on June 17.

"It will be crucial to see FIIs' behaviour amid panic in

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