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Quote on FOMC and US Fed rate cut by Piyush Mehta, smallcase Manager and CIO at Caprize Investment
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Below the Quote on FOMC and US Fed rate cut by Piyush Mehta, smallcase Manager and CIO at Caprize Investment
“As FEDs focus moves towards maximum employment and price stability, the FOMC halved the number of rate cuts expected for 2025. Post US markets sharp negative reaction to the overall commentary, all Asian markets have opened negatively as well. Indian markets should follow a similar gap down mood. This could actually open the index to levels of 23500 with high chances of testing recent lows seen in November.”
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