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Fed goes full-on dovish. What does it mean for Indian stocks?

A pause or a cut in US interest rates is expected to boost Indian stocks. It may be some time before the outlook for jobs and inflation calls clearly for a change in policy, said Chairman Jerome Powell in a press conference. The US Federal Reserve was at its dovish best on Wednesday when it kept interest rates steady and signalled that hikes were off the table for the rest of the year as well. The long pause for the full year on the monetary policy front is in stark contrast to central bank’s earlier projection of two hikes […]

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