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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

    Anubhav Sahu
    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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