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Below the perspective on US Fed Reserve announcement Mr. Raghvendra Nath, Managing Director, Ladderup Wealth Management Pvt. Ltd

“After a pause in June FED resumed the rate hike with the FED fund’s rate now at 5.25% - 5.50%, its highest level in the last 22 years. Markets had already anticipated this decision. The FED chief has indicated that further actions would be dependent on various reports expected before the next FED meeting. The key events to look out for in the market and FED would be two job reports and two reports on consumer price inflation. Swap market pricing indicates a 50% probability of another rate hike before the FED’s tightening cycle ends. A sustained easing in price pressures over the coming months would be necessary for the FED to put a stop to this tightening.”

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