Equity benchmarks continued to consolidate in morning trade, with the Nifty hovering around 8200 level. Investors maintained caution ahead of the outcome of policy meeting of Federal Reserve due tonight. | 1 Comments
US financial markets are riding on expectations that US President-elect Donald Trump will pass a big fiscal expansion package that will not only induce a pick-up in US business cycle but also lengthen it for several quarters, according to Ajay Rajadhyaksha, Managing Director and Global Head-Macro Research, Barclays.
Markets have already factored in rate hike by US Federal Reserve, however, today’s FOMC meet may be non-event, Rajadhyaksha told CNBC-TV18. US employment rate is full and rates are at near-crisis levels, thus a rate hike is very much on the cards, he said.
