US Fed Meeting LIVE: Will Jerome Powell's Rate Cut Bolster Indian Markets? Policy Announcement Shortly
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US Federal Reserve Chairman Jerome Powell to address media at 1:00 am IST on November 8, 2024; Fed expected to cut key interest rates by 25 basis points; previous cut in September 2024 was 50 basis points to 4.75-5 percent; Fed projected 2.5 percentage points rate cuts by end of 2026; dollar index down 0.64 percent at 104.41; Dow Jones down 0.05 percent, Nasdaq up 1.27 percent; gold prices up 1.41 percent; first monetary policy after Donald Trump's return to presidency; policy backdrop includes Trump's proposals for tariffs and taxes expected to boost inflation.

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