As Fed Chairman Jerome Powell gears up for his first policy meeting, the market is full of anticipations which largely say that a rate hike is likely on Wednesday.
In an interview to CNBC-TV18, James Glassman, Senior Economist at JPMorgan shared his views on the likely outcome of the Fed meet.
Glassman said that there was not any reason for the US Fed to surprise during interest rate decision on Wednesday and added the US market has aligned itself with the US Fed's gradual rate hike view.
Talking about India, he said that the long-term story for India is positive.
"We expect trade deficit to widen as US economy picks up momentum", he added.