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Fed: The US economy has just got vaccinated

Even though the next few months of payroll data are expected to be exceptionally good, the Fed will give due credence to the weak macroeconomic situation elsewhere in the world before hinting at a rate hike cycle

April 29, 2021 / 09:06 AM IST
Fed: The US economy has just got vaccinated

PRO Only Highlights
Quarterly performance largely backed by improved realisations
Medium-term triggers China plus and protectionist measures for tyre industry
Valuations not inexpensive; but improved medium-term outlook

US Fed chair Jerome Powell, in his latest Fed meet, asserted that a strong recovery is under way backed by both fiscal and monetary policies, along with widespread vaccination coverage. While recent indicators for economic activity and employment are robust, he warned that the recovery is uneven and incomplete. Employment is still 8.4 million below its pre-pandemic level and some sectors have been hit harder than others. That is why, says the Fed, it will remain accommodative for longer, till...

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