Domestic analysts, back home in India think FOMC would no more be patient about a rate hike, and that it might signal about a hike in June. Analysts at Motilal feel that the Feds would most certainly be cutting rates this June( I always go against predictions from Motilal oswal, and it has worked out for me in the past. May be it was just coincidence).
But globally, several analysts expect the Feds to keep their cautious approach and hold the rates still. The economic data from the US is quite ambigous. Though jobs data look promising, the economy has not shown great signs. The already strong dollar is probably hurting the exporters in the US. A rate cut will only strengthen it further, which is bad news not only for the US but the whole world.
I believe the analysts in Gloom, Boom, Doom more than the ones in India.
But globally, several analysts expect the Feds to keep their cautious approach and hold the rates still. The economic data from the US is quite ambigous. Though jobs data look promising, the economy has not shown great signs. The already strong dollar is probably hurting the exporters in the US. A rate cut will only strengthen it further, which is bad news not only for the US but the whole world.
I believe the analysts in Gloom, Boom, Doom more than the ones in India.