The US Federal Reserve has decided to maintain its key interest rate unchanged, holding the target range for the federal funds rate at 4.25 per cent to 4.5 per cent.
The Federal Open Market Committee (FOMC) of the US Federal Reserve is expected to keep interest rates unchanged in its policy announcement on Wednesday night (IST), according to a report by ICICI Bank.
Indian markets are bracing for a pivotal week ahead, with key events like the Union Budget, macroeconomic data, Q3 earnings, and the US Fed policy decision set to influence market sentiment.
Federal Reserve officials expressed concern about inflation and advocated a slowdown in rate cuts in their December 17-18 meeting, according to minutes of the meeting.
The US Federal Bureau of Investigation (FBI) on Wednesday (local time) stated that it does not believe Shamsud Din Jabbar, the car driver who carried out the New Orleans attack, was "solely responsible" for the 'act of terrorism'.
The Indian stock markets on Thursday slumpped drastically after witnessing a selling pressure in major markets around the globe and indication from the US Federal Reserve of fewer rate cuts next year, less than anticipation of three or four.
The Indian Rupee fell to an all-time low of 85.07 (at the time of filing this report) against the U.S. dollar on Thursday as the greenback gained strength following the Federal Reserve's indication of fewer rate cuts in 2025.
Indian stock markets tanked sharply on Thursday following the selling pressure in major markets around the globe after the US Fed showed signs of fewer rate cuts next year.
The US Federal Reserve in continuing the rate cut cycle cut the interest rate by 25 basis points, according to an official statement following the key FOMC meeting.
Stock indices in India slumped for the third straight session on Wednesday, with investors closely waiting for the Federal Reserve monetary policy decision slated to be announced later today.
The lawsuit, announced on Tuesday, accuses the Department of State of failing to implement a US federal law that prohibits the transfer of funds to foreign military units engaged in gross violations such as extrajudicial killings and torture, Al Jazeera reported.