As there is resilience in the world markets including India on hopes of a likely easing in the interest rate cycle by both the US Fed and RBI, experts are closely on the watch out of the Fed's outcome later today. 

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Here is market expects at large from the Fed meeting today:

Apurva Sheth, Head of Market Perspectives & Research, SAMCO Securities opined that the US Inflation is still hovering above 2% mark and GDP growth is also fairly steady at 2.8% in the second quarter of calendar year. Thus, there isn’t any sign of distress yet which warrant a rate cut in the forthcoming US Fed meet. However, market participants have started factoring in a rate cut later in the year in September. 

Market participants are anticipating a 90 per cent chance of a rate cut in the September meet, he added.

Aamar Deo Singh, Sr. Vice President of Research, Angel One said thar the US Fed is unlikely to cut rates in this week's meeting though the softness in jobs data coupled with declining inflationary pressure, all sets the stage for a likely rate cut in the near future, most likely in September. Markets have factored in the same as of now, however, investors need to be prepared for enhanced volatility in the coming weeks, he cautioned.

The market has largely priced in one rate cut for September, but the Fed Chair Powell's comments will be crucial.

So, all in all, a dovish take by the US Federal Reserve is more likely anticipated and any outcome defying the same could trigger selling-pressure in the Indian equities.