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HomeMarket NewsFed’s steady hand has kept US economy stable amid global uncertainty: Oppenheimer’s John Stoltzfus
John Stoltzfus, MD and Chief Investment Strategist, Oppenheimer Asset Management said India is well-placed to benefit from the ongoing shift in global supply chains, thanks to its size, scale, and strengths in areas like technology, healthcare, and logistics.
The US Federal Reserve’s careful approach to monetary policy has helped keep the US economy stable despite global uncertainties, says John Stoltzfus, Managing Director and Chief Investment Strategist at Oppenheimer Asset Management.
“The Fed has done a great job,” he said, referring to the central bank’s 11 rate hikes followed by nine pauses and three rate cuts—all without triggering a recession. According to Stoltzfus, this steady handling has contributed to overall market resilience.
Speaking on India, Stoltzfus expressed optimism, calling it one of the top destinations for global investors. He said India is well-placed to benefit from the ongoing shift in global supply chains, thanks to its size, scale, and strengths in technology, healthcare, and logistics. “We see countries that include India… likely do very well,” he said.
He argued that the world is not witnessing the end of globalisation but rather a shift or “re-globalisation,” where trade and manufacturing are diversifying beyond China to other economies, including India.
Also Read: Dollar slide may continue, driving foreign inflows into India: Mark Matthews
Stoltzfus also stated that tariffs imposed by the US are primarily used as negotiation tactics rather than long-term policy tools. However, he admitted, “We are not exactly great fans of tariffs.”
He welcomed the clarity emerging from US-India trade discussions, saying it helps investor confidence and strengthens bilateral engagement.
Also Read: India may extend gains over China, but global risks remain high: Geoffrey Dennis
On US equities, Stoltzfus stated the market has bounced back strongly, with sectors like technology, consumer discretionary, and industrials showing double-digit gains since April. He added that first-quarter earnings results further support a positive outlook, especially in tech, healthcare, and consumer sectors.
For the entire interview, watch the accompanying video
(Edited by : Unnikrishnan)
