News From Press Fed Chair’s comments on slower hikes to boost EMs

Fed Chair’s comments on slower hikes to boost EMs

Source: Economic Times Nov 30, 2018

US Federal Reserve chairman Jerome Powell may have given India an early Christmas gift. The Fed altered its stance on rates to “just below the neutral rate” from its earlier articulated position of “a long way to neutral”, lowering the chances of quick increases in the cost of funds.

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