Power Breakfast: Fed Minutes Lifts Mood Of Markets As Members Agrees To Slow Rates Hike, US Market Will Remain Closed Today

Fed members agreed to reduce the pace of rate hikes. Yesterday, the US market rose for the second consecutive day. The Dow Jones gained 100 points and the Nasdaq gained 1% for the second day. Weekly unemployment claims rose from 17,000 to 2.4 lakh in the US. Tesla shares surged 8%. Apart from this, consumer sentiment data in US was better than expected. US markets will remain closed today. There was a slight increase in Europe. Talking about the commodity market, Crude oil reached a 2-month low due to the news of a price cap of $65-70 on Russian crude oil.