The FOMC announcement of a 25 basis isn’t a surprise. But the indication that they project 3 in 2017, is a shocker!
This means the days of free money supply sloshing around _*may*_ be over. That is bad bad news for EMs.
On the other hand Trump has indicated a bigger liquidity splurge than Obama ever did!
Coupled with Trump’s tax plans to negate offshore trends, this may see the Dow shoot for the stars!
India’s growth is domestic driven, though #DeMo has put brakes in the near term.
Really uncertain times!
@jsvasan