The FOMC meet outcome expected today is likely to have an impact on markets By V K Vijayakumar, Geojit Financial
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Below are Views On The FOMC meet outcome expected today is likely to have an impact on markets By V K Vijayakumar, Geojit Financial Services
"The FOMC meet outcome expected today is likely to have an impact on markets. The Fed is likely to emphasize it's highly accommodative stance and signal that inflation is not a concern. That will be positive. Any departure from this stance can be negative. The US 10 year yield, firm at around 1.62%, will deter equity bulls from going aggressive. The second wave of Covid cases in parts of the country, though not serious, is an area of concern. Issues relating to the Astra Zenaca vaccine in parts of Europe is another concern. FIIs turning buyers again is positive but that is negated by DII selling. In brief, investors have to be cautious"
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