Page 27 - Us Fed News Today

Nifty, Sensex surge nearly 1 percent as market participants cheer US Feds decision to keep interest rate steady.

Ed Yardeni discusses the expectations of potential rate cuts, recent market performance, and the resilience of the US economy during a conversation with Moneycontrol

Nifty, Sensex surge nearly 1 percent as market participants cheer US Feds decision to keep interest rate steady.

Both Indian indices rose on Thursday, following global stocks, after the US Federal Reserve's less hawkish stance on monetary policy. The NSE Nifty 50

Nifty 50 closed the day at 19,133.25, up 144 points, or 0.76 per cent while the Sensex closed the day with a gain of 490 points, or 0.77 per cent, at 64,080.90.

ALBAWABA – The United States (US) Federal Reserve (Fed) pinned the benchmark US interest rate again for November late Wednesday as higher long-term

Brent crude futures were up 91 cents, or 1.08%, at $85.54 a barrel by 1250 GMT, while US West Texas Intermediate crude futures gained 83 cents, or 1.03%, to $81.27 a barrel.

Even though neither the Fed nor BoE signalled that rate cuts were likely any time soon, just the glimpse of light at the end of the tunnel after 20 months of relentless hiking was enough to recharge the bulls.

The Fed on November 1 held interest rates steady as expected, and while Chair Jerome Powell left the door open to more tightening he also nodded to the impact of a recent surge in bond yields on the economy.

FOMC meet: Japanese brokerage Nomura said Fed officials appear content to let higher long-term yields serve as a substitute for further rate hikes.