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The outlook spooked investors because in March the Fed said it saw no hikes at least till 2024.

Synopsis

The American central bank abruptly signaled on Wednesday that an interest rate increase could happen as early as 2023 — considered an acknowledgement of growing inflationary pressures. The outlook spooked investors because in March the Fed said it saw no hikes at least till 2024.

Mumbai: Will the global markets see a sharp sell-off in the coming days similar to the taper tantrum of 2013? Have the popular reflation trades — bets on a rebound in the economy — run their course? Is the bull run over? These are some of the questions that jittery investors are asking after the US Federal Reserve unsettled markets late last week with its unexpectedly hawkish tone on interest rate forecasts, a contrast to the more accommodative

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