Fed News Live:

The Federal Reserve chairman says that interest rates will continue to rise until inflation is brought under control.

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After this statement by Fed chair Jerome Powell, there was a huge fall in the global stock markets on Monday.

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Today, Asian markets such as Seoul, Tokyo, Shanghai, and Hong Kong were also trading in the red.

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The US stock markets closed with a fall on Friday after the Fed chairman's statement on increasing interest rates.

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Foreign institutional investors (FIIs) sold shares worth Rs 51.12 crore on Friday, according to provisional data.

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Domestic stock markets were also not untouched by this. During this, major stock indices fell by about two percent.

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Powell said in a speech that the Fed will continue to raise interest rates in the future to control inflation.

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With this news, investors lost Rs 3.97 lakh crore within minutes of the market opening on Monday.

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