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Fed may lower rates by 25 bps in September meeting: JP Morgan
Tuesday, August 21, 2007
Adrian Mowat of JP Morgan says that we may have seen the worst in global equities. He expects the Fed to lower rates by 25 bps in September meeting. Fed is now concerned about growth rather than inflation. Emerging markets have suffered from 'unfair' collateral damage and select Indian companies are susceptible to credit issues due to ECBS, M&A’s, he adds.
Mowat further said that there is no serious threat to the Indian economy. He likes select stories in India. Political issues in India is a cause of concern and it may depress sentiment.
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Investment in equity shares has its own risks. Sincere efforts have been made to present the right investment perspective.The information contained herein is based on analysis and up on sources that we consider reliable. I, however, do not vouch for the accuracy or the completeness thereof. This material is for personal information and I am not responsible for any loss incurred based upon it.& take no responsibility whatsoever for any financial profits or loss which may arise from the recommendations given in this blog.
