What's your reaction to the rate cut and the commentary by the US Fed?
I'm surprised the US Fed cut rates by 50 basis points. The language and the data going into the Fed meeting suggested that the cut would be 25 bps.
Will the quantum of cuts be similar in the meetings ahead? Is 50 the new 25?
No, I don't think they raised expectations of a 50-bp cut in the next meeting. They raised expectations of 25 bps by the end of the year. The bottom line is that I'm surprised they cut rates by 50 bps. Some people will argue that it means that the US Fed thinks the economy is much weaker, but actually, that's not what they said. In the absence of any other explanation, I think at the margin, the rate cut must be influenced by political compulsions.
How do you see global markets play out from here on, especially in India?
هذه القصة مأخوذة من طبعة September 20, 2024 من Business Standard.
ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 9,000 مجلة وصحيفة.
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هذه القصة مأخوذة من طبعة September 20, 2024 من Business Standard.
ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 9,000 مجلة وصحيفة.
بالفعل مشترك? تسجيل الدخول
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