
The US Federal Reserve has raised interest rates by 25 basis points, as markets assess the outlook for inflation, monetary policy and future rate moves. Speaking to Business Today, Gaurang Shah of Geojit Investments discusses the Fed's decision, the pressure for rate cuts and why elevated inflation remains a key concern. He also shares his view on how Indian markets could react after the Fed move, including the possibility of a flat-to-negative opening followed by some stabilisation. Shah also discusses the broader implications of the Fed's stance for the economy and financial markets.