Views on the US Fed outcome by Manish Jain, Director of the Institutional Business (Equity & FI) Division at Mirae Asset Capital Markets
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Below the Views on the US Fed outcome by Manish Jain, Director of the Institutional Business (Equity & FI) Division at Mirae Asset Capital Markets
A practical approach taken by the Fed today by maintaining policy rates at 5.25-5.50%. If it sounds hawkish, then it is. Fed is trying to balance the economy with maximum employment, stable demand & supply. Fed still finds inflation rate too high and doesn’t want to ease too early and face the risk of inflation coming back. Until inflation sustainably moves towards 2%, we can’t expect any easing. At the most, we can expect only one cut during this year, not more. Fed will be totally data dependent until inflation is well anchored.
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