{"id":23874,"date":"2025-09-18T14:44:11","date_gmt":"2025-09-18T14:44:11","guid":{"rendered":"https:\/\/www.newsbeep.com\/il\/23874\/"},"modified":"2025-09-18T14:44:11","modified_gmt":"2025-09-18T14:44:11","slug":"strong-investor-interest-in-india-as-fed-eases-inflation-stays-soft-jpmorgan","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/il\/23874\/","title":{"rendered":"Strong investor interest in India as Fed eases, inflation stays soft: JPMorgan"},"content":{"rendered":"

Sajjid Chinoy, Chief India Economist at JPMorgan, said the Fed\u2019s latest rate cut should be seen as \u201can insurance cut,\u201d stating that the central bank faces stagflationary shocks from tariffs and immigration that complicate its policy choices.<\/p>\n

He explained that while the labour market has slowed, core inflation remains firm, making the Fed cautious. For India, he added that a weaker dollar in recent months has already given emerging market central banks room to ease, reducing dependence on the Fed.<\/p>\n

On inflation, Chinoy said it remains \u201cextremely, extremely soft\u201d with 2025-26 (FY26) averages around 2.8%, though base effects will push numbers higher in the coming quarters. He expects the Reserve Bank of India (RBI) to hold rates in October, while keeping space for another cut later if growth softens.<\/p>\n

\n\"\"
Joining him, Sanjay Mookim, Head of India Equity Research at JPMorgan, said earnings expectations have already been reset after cautious corporate commentary. \u201cExpectations in India have actually been cut quite a bit and quite early in the fiscal year,\u201d he said, adding that goods and services tax (GST) and direct tax cuts will support consumption and help lift discretionary sectors.<\/p>\n

Also Read: Fed\u2019s 25 bps cut positive for emerging markets, not yet a dovish cycle: Conrad Saldanha<\/a><\/p>\n

Mookim also stated that valuations look more favourable now, with India trading at a discount to the S&P, and investor interest at JPMorgan\u2019s annual India conference is the \u201cstrongest ever.\u201d<\/p>\n

\"\"<\/p>\n

For more details, watch the accompanying video<\/p>\n

Catch all the latest updates from the stock market here<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"Sajjid Chinoy, Chief India Economist at JPMorgan, said the Fed\u2019s latest rate cut should be seen as \u201can…\n","protected":false},"author":2,"featured_media":23875,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[11],"tags":[21660,114,184,21661,85,21654,21659,21657,46,21658,21655,21656],"class_list":["post-23874","post","type-post","status-publish","format-standard","has-post-thumbnail","category-economy","tag-best-sectors-to-watch-in-indian-equities","tag-business","tag-economy","tag-emerging-markets-flows-into-india","tag-il","tag-india-economy-outlook-jpmorgan","tag-india-fiscal-policy-and-bond-yields","tag-india-stock-market-valuations-2025","tag-israel","tag-rbi-inflation-and-rate-cut-outlook","tag-sajjid-chinoy-india-growth-forecast","tag-sanjay-mookim-india-equity-strategy"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/posts\/23874","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/comments?post=23874"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/posts\/23874\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/media\/23875"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/media?parent=23874"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/categories?post=23874"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/tags?post=23874"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}