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Negative US inflation seen; mkt fairly valued: JP Morgan

The Fed said it would take “financial and international developments” into account when determining when to raise rates, adding a reference to global markets for the first time since January 2013.

The US Federal Reserve on Thursday said that the economy is expanding at a solid pace and repeated its ‘patient’ stance in taking a call on raising benchmark borrowing costs.

In an interview to CNBC-TV18, James Glassman, senior economist, JP Morgan welcomes the Fed’s decision and says the Fed’s goal is not to slowdown the economy but to merely step off the gas.

He expects the US inflation to continue to remain low and infact expects a negative inflation.

Transcript to follow soon.

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