FOMC Meet Decision:
USA Fed took decision to no tapering as of now which create upside moves in US Market as well as Indian Stock Market.
Fed remain continue with Bond buying with the current rate of USD 85mn a month for now. This decision taken as positive and USA DJIA & NASDAQ are on record high. This decision push more liquidity into the USA economy and which expected to invested to the Emerging Economy (Brazil, Russia, India, China).
All have expected that Fed make decision for tapering but result comes unexpected and USA Fed no cut in stimulus package.
USA Fed took decision to no tapering as of now which create upside moves in US Market as well as Indian Stock Market.
Fed remain continue with Bond buying with the current rate of USD 85mn a month for now. This decision taken as positive and USA DJIA & NASDAQ are on record high. This decision push more liquidity into the USA economy and which expected to invested to the Emerging Economy (Brazil, Russia, India, China).
All have expected that Fed make decision for tapering but result comes unexpected and USA Fed no cut in stimulus package.
Fed Chairman Ben Bernanke refused to commit to begin reducing the bond purchases this year, and instead went out of his way to stress the program was "not on a preset course." In June he had said the Fed expected to cut back before year end.
Also Fed cut its forecast for 2013 economic growth to a 2.0 percent to 2.3 percent range from a June estimate of 2.3 percent to 2.6 percent.
This decision is positive for Indian Stock Market and we are seeing upside moves in it.
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