Markets poised for Fed meet
DSIJ Intelligence / 13 Dec 2016
The much-anticipated Federal Reserve meet is expected to start on 13 December. A Fed rate hike is widely anticipated by analysts and investors as a rate hike along with monetary policy will be a key trigger for the markets.
The much-anticipated Federal Reserve meet is expected to start on 13 December. A Fed rate hike is widely anticipated by analysts and investors as a rate hike along with monetary policy will be a key trigger for the markets. If the US central bank hikes the interest rates, this will be the first hike in 2016. Analysts believe Fed may hike its rate in the range of 0.25 to 0.50 bps. The markets, however, have already factored in a rate hike.
With the dollar already trading higher and the US treasury yields recently having spiked on expectations that the Trump administration will enact policies to kick-start growth and inflation. In addition to these expectations, surging crude oil prices have also stoked inflation expectations. On Monday, the yield on benchmark US 10-year notes touched 2.528 per cent, its highest since 29 Sept., 2014. Meanwhile, the Indian markets are trading flat with Sensex up by 54 points and Nifty marginally up by 9 points.
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