Markets Buoyant as Fed Pledges Low Rates Even While Cutting Bond Purchase

Tim Mulholland

20-Dec-13 10:00

Markets Buoyant as Fed Pledges Low Rates Even While Cutting Bond Purchase

Tim Mulholland, Managing Partner of China-America Capital Company in Chicago, USA, discusses the Fed decision to reduce its monthly bond purchases from $85b to $75b, Bernanke's pledge to keep interest rates low, US housing starts, China’s new-home prices at new highs in November, and fears of a Chinese bubble. He also talks about India's central bank leaving its key lending rate unchanged and what this implies for the Indian economy.

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