US MARKET NEWS 17 MARCH 2016

The Federal Reserve is more concerned about risks in the global economy and hence took a dovish stance in its recently concluded meet, says James Glassman, Senior Economist at JP Morgan.

The US Fed kept the key rates unchanged at 0.25-0.50 percent in its March meet and also forecast to two rate increases in 2016.

Peter Hooper, Managing Director - Chief Economist at Deutsche Bank says the cautious stance of the Fed will be helpful for the market in near-term.

“The data in the US, as the Fed indicated, has been improving but there are still some concerns about what is going on globally,” Hooper says.

Agreeing to the view, Sunil Garg of JP Morgan says that Fed’s dovish stance as well as lower dollar index is positives for the emerging markets (EMs). 

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