Fed News Live:
After this statement by Fed Reserve Chairman Jerome Powell, the stock markets all over the world collapsed.
The Federal Reserve chairman says that interest rates will continue to rise until inflation is brought under control.
After this statement by Fed chair Jerome Powell, there was a huge fall in the global stock markets on Monday.
Today, Asian markets such as Seoul, Tokyo, Shanghai, and Hong Kong were also trading in the red.
The US stock markets closed with a fall on Friday after the Fed chairman's statement on increasing interest rates.
Foreign institutional investors (FIIs) sold shares worth Rs 51.12 crore on Friday, according to provisional data.
Domestic stock markets were also not untouched by this. During this, major stock indices fell by about two percent.
Powell said in a speech that the Fed will continue to raise interest rates in the future to control inflation.
With this news, investors lost Rs 3.97 lakh crore within minutes of the market opening on Monday.