BS EDIT: Trump's win raises doubts for Fed policy, markets

By Business StandardPublished On Nov 11, 2024

Fed's unexpected cut

The Fed cut interest rates by 25 basis points, but with inflation still above 2 per cent, its stance remains cautious

Trump's win adds new doubts

Trump’s win raises uncertainty over Fed’s policy amid fears of higher inflation due to planned tariff hikes and tax cuts

Divergent trend in mkt

Despite Fed rate cuts, the 10-year US bond yield surged 70 basis points, reflecting investor uncertainty over Trump’s fiscal policies and inflation risks

Impact of policy changes

Powell noted fiscal changes need congressional approval, but markets are already adjusting, posing challenges for the Fed's rate strategy

Rising US budget deficit

The US Budget deficit, projected at 6.7 per cent of GDP long-term, may tighten global finances and attract capital inflows to the US

Implications for India

A stronger dollar and currency volatility pose short-term risks for India. Policymakers must stay alert and adapt to maintain stability