Page 24 - Fomc News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Global equity and bond markets have been on a tear since Fed chair Jerome Powell’s dovish turn this month, which will force other central banks to pivot as well.

On Wednesday, Jay Powell said cutting rates is probably the next question for the Fed to address and the financial world lit up like a Christmas tree.

Policymakers at the Federal Reserve chose to keep interest rates unchanged for the third straight meeting and hinted at the possibility of monetary loosening in 2024 with inflation slowing more than expected.

Indian benchmark indices hit another peak in intra-day deals today with both the Sensex and the Nifty up over a percent each after the US Fed signaled that its interest rate-hiking policy is at an end and it will cut rates in 2024.

As we close out this year, it remains a positive that small banks have started to become more of an option for business owners searching for capital.