Tuesday, August 7, 2007

Fed keeps the rates unchanged

Its a cloudy morning here in Bangalore and overnight FED has declared that it will keep the rates unchanged at 5.25%. As i read the FED report i get a feeling from reading the report that its the inflation which is keeping the FED worried and not the US Growth.

Asian markets as i write this, are up around 1% and the news from FED has actually gone well with the ASIAN Markets especially.
There were no great RED Flags raised by Fed.

This morning, i believe we definitely have a good cue from the US and all the other major emerging markets.
Lets hope that our markets also take it well.

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