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No relief for markets as Fed gets aggressive to tame inflation: Chris Wood

The latest consumer inflation (CPI) print in the US for June came in at 9.1 per cent - the highest reading since 1981, and surpassed most analysts' expectations, who had pegged this at 8.8 per cent

Chris Wood, Jefferies
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Puneet Wadhwa New Delhi
Markets are likely to remain under pressure and may not get any relief in the short-term as the global central banks, especially the US Federal Reserve (US Fed), gets aggressive in a bid to tame surging inflation, wrote Christopher Wood, global head of equity strategy at Jefferies in his recent note to investors, GREED & fear.

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Rising inflation and steep rate hikes amid geopolitical concerns have already dented equity market sentiment across the globe. The S&P 500 is now down over 20 per cent