• SENSEX
    NIFTY 50
VIDEOS
Economy

Don't see reason for the US Fed to surprise during interest rate decision, says JPMorgan

Updated : March 21, 2018 08:03:44 IST

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.
cnbc two logos
To keep watching CNBC-TV18, India's No. 1 English Business News Channel, call your Cable or DTH Operator and subscribe now for just Rs. 4 per month. You can also subscribe to CNBC-TV18 Prime HD for Re 1/- per month.Find out more
Live TV

recommended for you

Advertisement