Inflation data and the decision of the Federal Reserve will decide the condition of the stock market, know what experts say

The decision of the US central bank Federal Reserve on May inflation data and interest rates will decide the direction of the stock markets this week.

The decision of the US central bank Federal Reserve on May inflation data and interest rates will decide the direction of the stock markets this week. Analysts have expressed this opinion.

May inflation (Inflation) US central bank Federal Reserve’s decision on data and interest rates this week (Share Market) direction will be determined. Analysts have expressed this opinion. Apart from this, the trend of foreign funds, fluctuations of rupee and Crude oil (Crude Oil) Prices will also be important from the market point of view. Santosh Meena, Head of Research, Swastika Investmart Ltd. said that all eyes will be on the Federal Reserve’s Federal Free Market Committee (FOMC) decision on June 15. Market interest rates amid the demon of inflation (Interest Rates) Anticipating aggressive growth in The Bank of Japan will also present its monetary review on June 17.

Meena said that it will be important to see what is the attitude of foreign institutional investors (FIIs) amid panic selling in global stock markets. FIIs have been selling heavily for the last eight consecutive months. He said that on the domestic front, consumer price index (CPI) data will come on 13 June and wholesale price index based (WPI) inflation data on 14 June. Apart from this, market participants will also keep an eye on the fluctuations of rupee and crude oil.

Market volatility expected

Ajit Mishra, Vice President – Research, Religare Broking said that the market may remain volatile due to the upcoming data and important developments this week. Mishra said that market participants will first react on US inflation data and domestic industrial production (IIP) data. Inflation in the US has reached a 40-year high. The IIP figures came after the market closed on Friday. He said that going forward, CPI based inflation data is to come on 13 June and WPI based inflation data on 14 June. On the global front, the results of the US central bank meeting on June 15 will come.

Analysts said markets are under heavy pressure due to global inflation. In such a situation, steps are expected to be taken by the central banks. Siddharth Khemka, Head of Retail Research, Motilal Oswal Financial Services said that the markets have been in a wide range for the last one month. This situation will continue till a clear signal emerges in one direction.

Last week, the 30-share Sensex of BSE has come down by 1,465.79 points or 2.62 percent. Yesha Shah, Head of Equity Research at Samco Securities, said the market will remain volatile due to the Federal Reserve’s decision on interest rates and crude oil prices globally. On the domestic front, consumer price index and wholesale price index based inflation data will remain important this week.

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