Update on Federal Fomc decision Federal reserve(in USA) is n | Stock Shiksha

Update on Federal Fomc decision

Federal reserve(in USA) is now very optimistic about economic growth and satisfactory employment level in US. Fed increased tapering to 30 billion dollar per month and will end bond purchasing before March 2022. On interest rate, Fed said 3 times increase is possible in 2022 and 3 times in 2023.

What does it mean for market?

Federal Reserve is confident about economic growth which is positive for market. Indian market will see gap up opening today. And then what FIIs does during trading hrs is important to watch. Till now they are selling heavily. If they start buying we will see good short covering in indian market