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Below The comments on Fed Policy from Dr Vikas Gupta, CEO and Chief Investment Strategist, OmniScience Capital.

ore CPI remains high at 4.8% even as the headline CPI is at 3%. Unemployment remains at a 50-year low. Economy remains strong in terms of GDP growth. Given this background, the Fed has hiked the rates in the July meeting by 25 bps to the highest level since 2001. It has hinted at further increases if core inflation doesn’t come below 2% soon. However, it could skip the hike in the next meeting and do it in the one after that if core inflation is still not in the mandated zone.

The Fed keeps its options open, assessing information and economic impact while searching for the right stopping point in the current tightening cycle to reach its inflation target"

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