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Below views on Fed Policy from Mr Vivek Goel, Joint Managing Director, Tailwind Financial Services 

"The US Federal Reserve's recent policy decision aligned with expectations, maintaining the interest rate within the 5.25-5.50% range. This decision comes amid an increase in longer-term treasury yields over the past few weeks, indicating a tightening of financial conditions, a development acknowledged by policymakers.

In light of these developments, our assessment centers on the anticipation that the Fed aims to achieve its 2% inflation target through a combination of the rate hikes that have already been implemented and the gradual impact of these hikes on the economy. This suggests that the central bank may be signaling a pause in rate hikes, barring unforeseen inflation surprises.

However, we remain cautious and adhere to a "higher for longer" perspective in the current economic landscape. We believe there is still a substantial distance to cover before we can be confident in achieving a sustained reduction in inflation. Consequently, our current outlook suggests the possibility of a rate cut not materializing until late 2024, as we await more definitive signs of economic stability and inflation control."

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