Perspective on US Fed announcement by Mr Nish Bhatt, Founder & CEO, Millwood Kane International
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Below the Perspective on US Fed announcement by Mr Nish Bhatt, Founder & CEO, Millwood Kane International
The US Fed has delivered a higher-than-expected rate cut of 50 bps, a move welcomed by markets worldwide.
The Fed's view of staying ahead of the curve will provide confidence to the market to take further action on
rate easing to support the economy. The dot plot the Fed provides will support the economy, markets, and labor markets.
In our view, the development will help start the rate easing cycle in India - provided the economic
indicators, domestic inflation stay the course. The rate easing cycle, coupled with a 7%+ growth estimate
for the economy will provide strength to the Indian markets in the next few quarters.
Above views are of the author and not of the website kindly read disclaimer
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