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‘Global markets witnessed selling pressure in anticipation of record high inflation numbers in the U.S., which could force the Fed to accelerate increasing interest rates. At 8.6%, the U.S. inflation is at a 40-year high. Talks of stagnation and China announcing another round of lockdowns all weighed down on investors, prompting another round of selling,’ Vijay Singhania, Chairman, TradeSmart, said.
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