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The action by the US Fed was expected and the word coming from them suggests a more dovish stance. The good news is that they have laid out a roadmap for the next three years. Demonetisation as an event maybe over but its impact on quarterly earnings is yet to be seen. On the macroeconomic front he further said that uncertainty around the roll out of the goods and services tax (GST) bill has certain serious ground implications.
The action by the US Fed was expected and the word coming from them suggests a more dovish stance. The good news is that they have laid out a roadmap for the next three years. Demonetisation as an event maybe over but its impact on quarterly earnings is yet to be seen. On the macroeconomic front he further said that uncertainty around the roll out of the goods and services tax (GST) bill has certain serious ground implications.
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