Quote on US Fed Rate cut by Vinit Bolinjkar - Head of Research at Ventura Securities
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Below the Quote on US Fed Rate cut by Vinit Bolinjkar- Head of Research at Ventura Securities
“The 25 bps Fed rate cut was along expected lines, however cautioning that the future rate cuts would be more data driven. While traders are anticipating a 25 bps further cuts, Fed Chief Jerome Powell had said earlier said that the neutral rate would be relatively higher. After having rallied substantially over the past few days the Asian markets are offering negative cues as we are about to open for trade here in India. It raises the probabilities that the RBI would cuts rates when it meets in December.
Indian markets are expected to open unchanged along the lines of the Asian peers.”
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