The US market jumped sharply after the consumer price inflation data in the US was lower than expected. Market participants saw that as the topping of the interest rate cycle. There is hope that the intensity of the rate hikes will slow as inflation peaks. However, the US Fed is unlikely to hint at any lowering of the guard until the inflation falls below the acceptable rate of around 2% or below. Also, the Fed officials believe they will have to hold higher interest rates for some time. With the US market witnessing heightened volatility through much of 2022, investors could find it an attractive investment proposition from a valuation perspective.