Markets vs Sustainability
The US Federal Reserve in its latest policy briefing hinted that “it might begin to think” that “when it should begin to think” about the change in its policy stance of near zero interest rates. From whatever the 18 members of the US Central Bank might have uttered at the meeting of FOMC or thereafter, a broad conclusion has been drawn that the wolf might be sighted sometime in the year 2023. There are few who “fear” that wolf may surprise the markets by advancing its appearance in 2022 itself. Notwithstanding, there is a sizable number of experts who continue to believe that wolf of rate hike may not be coming in 2022 or 2023 or even 2024. Some also believe that this wolf does not exist only. Ms. Market, on its part, has realized that there is nothing to worry for next 12months, insofar as the Federal Reserve’s monetary policy is concerned. She has therefore decided to follow the “will cross the bridge when we reach there” approach. The y...