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JPMorgan's Jahangir Aziz On Fed Taper, Evergrande And India’s Growth Narrative
This entire narrative that India is seeing a V-shaped recovery becomes problematic if you are also basing policies on it.
![A statue of Mahatma Gandhi stands in front of Parliament House during the first day of the 17th Lok Sabha in New Delhi, India. (Photographer: T. Narayan/Bloomberg)](https://media.assettype.com/bloombergquint%2F2020-09%2F39cb7fa9-1dcf-482b-a0c6-053cbe461fa4%2F339187262.jpg?rect=0%2C117%2C3998%2C2249&auto=format%2Ccompress&w=200)
A statue of Mahatma Gandhi stands in front of Parliament House during the first day of the 17th Lok Sabha in New Delhi, India. (Photographer: T. Narayan/Bloomberg)
The U.S. Federal Reserve's indication that a tapering of bond purchases may begin as early as November was met with relative calm across global markets. The Fed has telegraphed its move well and the market believes the world's most powerful central bank will remain responsive to incoming data, according to JPMorgan's Jahangir Aziz."We've been talking about 'talking about taper' for awhile now and that the Fed will be announcing somet...
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