As many as 13 officials expected status quo next year, while four saw a hike.
“We believe monetary policy is in a good place,” Powell told a news conference.
Jay Powell and the Federal Reserve Fail Again, Trump said in a tweet.
The markets will disappoint you with what the Fed did overnight, said Geoff Dennis.
In a bad start for the new government, India’s GDP growth hit a 5-year low of 5.8 per cent.
Be it oil or agri-commodities, the Sino-US tariff war remained a key overhang for investors.
What will be the cost of Gandhi’s “final assault on poverty” on the Indian economy?
A pause or a cut in US interest rates is expected to boost Indian stocks.
With Wednesday’s policy, the Fed seems to have signalled no further rate hikes for 2019.
Equity Intelligence’s Porinju Veliyath is still a firm believer in smallcap revival in 2019.
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