Investors cautious ahead of Fed meet: Adrian Mowat

A day ahead of the crucial US Federal Reserve meet, JPMorgan expects the Fed to announce asset purchases to the tune of $300bn. However, Adrian Mowat, Managing Director, Chief Asian and Emerging Market Equity Strategist, JP Morgan feels the market rally may not extend much further even if the Fed announces fresh measures. JP Morgan explains that the current market scenario cannot be described as a classic "risk on" scenario as investors still remain cautious. Instead, investors will continue to invest in high quality stocks even at higher valuations.