Fed in its March meeting defined yet again that it would be patient in changing policy rate. That’s given global economic worries and muted inflation pressures, there is no need to hurry. More important, Fed has given a temporal definition of patience. Financial projections suggest that there would not be a rate hike this year. Further, balance sheet unwinding would halt by Sept’19 after the process itself slows down from May.
Sakshi Batra does a 3 point analysis of the reasons given by the Fed for not hiking rates and what does it mean for India and other countries
