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Likely Fed rate cut buoys market mood

  • Likely Fed rate cut buoys market mood (Live mint.com 10th Dec 2007)
    Investors on Dalal Street are betting that the US Federal Reserve (Fed) will announce a further cut in interest rates when it meets this week, and have started accumulating some stocks because such a reduction could have a positive impact on the market.
    “Some of the domestic institutional investors such as mutual funds and insurance companies expect a strong rally in the wake of a Fed rate cut,” says Anita Gandhi, head of institutional business at Arihant Capital Markets Ltd, an institutional brokerage.
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