indian stock market, will the stock markets fall tomorrow? Jerome Powell was fired! – indian markets expected to fall on aug 29th 2022 as us fed chairmans speech pulled down us markets

Inflation has continued to rise across the world over the past few months. Central banks of various countries, including the US Federal Reserve Bank and the Reserve Bank of India, have been raising interest rates to control inflation.

US Federal Reserve Bank President Jerome Powell said that the US Federal Reserve Bank has already increased the interest rate sharply, and the interest rate may continue to increase again.

Federal Reserve Chairman Jerome Powell spoke at the Jackson Hole event last Friday. He had high expectations for the text. Jerome Powell then said that the Federal Reserve will act more aggressively to control inflation.

Ban on export of wheat flour, maida, semolina.. Government of India orders!
Jerome Powell said he was willing to sacrifice growth to control inflation. That’s it, US stock markets plummeted following his speech. The Dow Jones, Nasdaq and S&P were down more than 3% in US stock trading on Friday.

Only the Dow Jones index fell more than 1,000 points. In response to this, the Indian stock markets are expected to face a sharp decline tomorrow.