Following the hawkish comments by the Fed, markets have traded on the lower side fearing a possible recession. I wish there were a painless way to do that. After opening on a negative note, benchmark indices recovered some of the losses as Nifty50 was down by 0.22% to 17,679 while Sensex slipped by 0.24% to 59,318 points. The markets had already factored in a 75-basis points rate hike by the US Fed. I wish there were a painless way to do that.

Source: Mint September 22, 2022 17:12 UTC