News From Press Liquidity taps need to remain open for the upswing to gather momentum

Liquidity taps need to remain open for the upswing to gather momentum

Post the liquidity injections, India markets recovered a bit with the Nifty gain 33% from its lows in March, while the S&P 500 jumped 42%

Mint Jun 8, 2020

Buoyancy in financial markets is unmistakable as humungous infusions continue to push up global stock prices. The US FOMC meet on Wednesday will in all probability signal further infusions. The US Fed has already dropped interest rates to ‘zero,’ so it seems unlikely that rates will slip into negative territory for now. Even then, the equity markets seem to be gearing up for some more good news on the US economy.

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