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October Fed hike possible, but Warsh may hesitate before mid-terms, says Standard Chartered's Englander
RBI moved higher.
· LiveMint Markets
Standard Chartered’s Steve Englander expects one more US rate hike this year and sees the RBI raising rates by 50 bps as higher oil prices and global yields put pressure on emerging markets.
The analysis
RBI reported movement of 50 bps. Those are the figures as filed — what moves the price is how they sit against what the market already expected, not their absolute size.
Because the driver here is macro rather than company-specific, the read-through is to index-level positioning rather than to any single name — correlations tend to rise when the whole market faces the same signal.
Why it matters
- With RBI involved, this carries a regulatory dimension that can outlast the immediate market reaction.
Market context
- This is a market-wide development — its reach goes beyond any single stock.