FOMC Meeting Update - Expectations By Heena Naik, Angel Broking Ltd
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Below are Views On FOMC Meeting Update - Expectations by Heena Naik, Research Analyst - Currency, Angel Broking Ltd
- In its two day meeting ending tomorrow i.e 28th April 2021, the US Federal Reserve is expected to continue with its dovish tone.
- They are expected to leave monetary policy rates and quantitative easing monthly asset purchases unchanged.
- However, given the improvement in some key macro data points, the odds of an earlier-than-anticipated rate increase are rising.
- As the US economy continues to reopen and the pace of vaccination rise, markets expect Q1 GDP data to be decent, led by consumer spending backed by stimulus.
- With outlook on the jobs market improving, expectations are that the US GDP will grow in double-digits in the second quarter.
- The committee is expected to acknowledge improvement in economic activity and reiterate that it is in no hurry to scale back asset purchases or increase interest rates.
Above views are of the author and not of the website kindly read disclaimer
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On the higher side, immediate resistance is seen around 36000 - 36200 levels - Angel One
