The first FOMC meet of 2017 fails to spur markets: Angel Broking

Mr. Prathamesh Mallya (Chief Analyst - Non-Agri Commodities & Currencies, Angel Broking) on US FOMC Meet:

"By Trump's recent reveal over his new policies, markets are convinced that it is going to be a protectionist one which in turn will affect global trades and markets. His promise to boost growth through tax cuts, spending and deregulation has raised the prospect of higher inflation which could force the US Fed to raise rates more rapidly than previously planned. The US Fed Chair has indirectly referred on dealing Trump's cloud of uncertainty astutely and independently by the Federal Reserve. Hence, the future courses of rate hike actions will de data dependent."

Source : Equity Bulls

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