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US Fed Meeting 2024 Live: The Federal Reserve held interest rates steady for the fourth straight meeting and signaled its openness to cutting them.
US Fed Meeting 2024 Live: The Federal Reserve held interest rates steady for the fourth straight meeting and signaled its openness to cutting them.
On the back of buying by foreign investors as well as the unwavering support shown by domestic institutions and retail investors, Sensex has rallied around 3,500 points in December alone
The Federal Open Market Committee meeting is due on Oct. 31-Nov. 1, with traders expecting a 98% chance of the U.S. central bank leaving rates unchanged.
Earlier in the week, it was reported that the US GDP in Q3 (advance estimate) grew at 4.90% on an annualised basis, which topped the forecast of 4.50%. Similarly, durable goods orders and pending home sales were better than estimates, thus the US data continue to throw upside surprises.