US economy to mark 3% growth if oil settles: Morgan Stanley

Global markets are recovering with a steady pace. Most analysts are hoping that the economic growth will pick up gradually once concerns over commodity prices and inflation melt down. In an interview on CNBC-TV18, David Darst, chief investment strategist at Morgan Stanley Smith Barney said that countries like China, Brazil and India have raised their interest rates in a bid to balance inflationary pressure.

He also spoke extensively about the recovery of US economy. He feels that the Federal Reserve is vigilant about inflation and there is a possibility that they will not have a third round of monetary easing at this point of time.