MUMBAI: A status quo on rates by the US central bank, as expected by domestic economists and analysts, will boost investors’ sentiment and is likely to aid the bull rally. The main sentiment driver, however, would be the post-policy announcement comments by Jerome Powell, the chairman of the US Federal Reserve, market players said.
“Domestic equities were lacklustre ahead of the US Fed’s decision late (Wednesday).All eyes are on the US central bank’s policy outcome where the focus will be more on Powell’s commentary for any hint on the rate cut next year,” said Siddhartha Khemka of Motilal Oswal Financial Services.
“Domestic equities were lacklustre ahead of the US Fed’s decision late (Wednesday).All eyes are on the US central bank’s policy outcome where the focus will be more on Powell’s commentary for any hint on the rate cut next year,” said Siddhartha Khemka of Motilal Oswal Financial Services.