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Equities Subdued on Fed Meeting Minutes Update, US PMI’s In Focus

August 23, 2019

Global market today saw key risk assets – benchmark indices, equities, F&O’s trade subdued following unexpected cues from fed meeting minutes released yesterday. The Fed meeting minutes show that contrary to public expectations that interest rate adjustments made in last meeting was start of long term easing, the changes made last time were considered by FOMC members as more of recalibration of interest rate to suit current economic scenario.