Mkts to focus on FOMC meet, macro data next wk
The Free Press Journal|December 14, 2024
The Indian Equity Markets remained quite volatile during the week driven by weakness in global markets and ahead of key macro events like the domestic inflation data and US FOMC meeting which is scheduled next week.
Motilal Oswal
Mkts to focus on FOMC meet, macro data next wk

On the domestic front, encouraging data such as the Consumer Price Index (Inflation) coming to a 2-months low at 5.48% from the 14-month high of 6.21% in the previous month and expectation of 5.50% is something that will support the market momentum positively. After this, many are now hoping for a rate cut in 2025. This will also be supported by IIP data as well which came in around at 3.5% reflecting 3-month high figures.

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