Commenting on the Fed outcome, Amar Ambani, Head of Research, IIFL ,said, “On the short term outlook, we sense that broader markets will breathe a sigh of relief as investors will learn to live with the moment of truth. Markets will derive reprieve from the fact that the subsequent rate hike is not imminent. Traditionally, US GDP economy registers feeble growth during the first quarter, as inhospitable weather proves to be a drag on inventory accumulation and retail sales. This implies that Fed will take a quarter or two to assess the real impact of first rate hike before resuming the path of further policy normalization. Imperatively, a pause on the rates during the first half of 2016 cannot be ruled out.”
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