US Fed Meeting Highlights: Sensex, Nifty rise after FOMC holds interest rates

US Fed Meeting Highlights: The US Federal Reserve announced its first policy decision for 2024 after a two-day Federal Open Market Committee (FOMC) meeting today and voted unanimously to hold the benchmark interest rates unchanged at 4.25 – 4.50 per cent, broadly in line with Wall Street estimates. 

The rate pause comes because officials seek further progress on inflation. This is the first interest rate decision of the US central bank since Donald Trump took charge as the 47th US President on January 20. US Fed had lowered the key overnight interest rates by a full percentage point in the final months of 2024.

US Fed chair Jerome Powell-led rate-setting panel conveyed a more deliberate approach to interest rate decisions. “With our policy stance significantly less restrictive than it had been and the economy remaining strong, we do not need to be in a hurry to adjust our policy stance,” Powell said in a post-policy press conference.

Also Read: US Fed holds benchmark rates steady at 4.25-4.50% in first policy verdict of Trump Presidency; 5 key highlights

In the December policy meeting, US Fed policymakers voted 11 to 1 to slash the benchmark interest rate by 25 basis points (bps) or (1/4) quarter of a percentage point to 4.25 – 4.50 per cent. That was the US central bank’s third straight interest rate cut of 2024 and the second straight 25 bps rate cut. Then, the US Fed had envisioned only two rate cuts in 2025 after inflation prints revealed that consumer prices remained ‘somewhat elevated’.

The US Federal Reserve has a dual mandate to act independently and keep inflation and employment in check, primarily by raising and lowering short-term interest rates. Experts believe that under Trump’s presidency, there has been a distinct shift in the dynamics between the administration and the US Fed.

After raising the policy rate by 5.25 percentage points since March 2022 in one of the swiftest Fed reactions to combat the worst outbreak of inflation in 40 years, the central bank held the rate on hold between July 2023-2024 to anchor in high inflation and consistently bring it down toward the two per cent target range.

30 Jan 2025, 10:05:28 AM IST

US Fed Meeting Highlights: Key takeaways from FOMC January policy meet

US Fed Meeting Highlights: Here are the key takeaways from the January policy verdict

-Jerome Powell-led FOMC voted unanimously and left the overnight interest rates unchanged at 4.25-4.50 per cent after three straight policy reductions in 2024

-US Fed conveyed a more deliberate approach to rate decisions and gave little insight into when further reductions in borrowing costs may take place.

-The US Fed said labour market conditions remain solid, inflation remains somewhat elevated, and risks to achieving its goals are ‘roughly in balance’.

-US Fed chair Jerome Powell said the central bank does not need to be in a hurry to lower rates and will ‘wait and see’ on Trump policies.

-Wall Street traded lower and settled off day’s lows after the US Fed policy. S&P 500 lost 29.03 points to end at 6,038.67, while the Nasdaq Composite lost 106.08 points to 19,627.51.

30 Jan 2025, 10:04:31 AM IST

US Fed Meeting LIVE: Sensex, Nifty rise after Fed policy

US Fed Meeting LIVE: Indian stock market wobbled at opening on Thursday after the announcement of US Fed policy. However, the market gained momentum and the benchmark indices, Sensex and Nifty 50, traded higher.

30 Jan 2025, 08:58:04 AM IST

US Fed Meeting LIVE: US dollar steady against major peers

US Fed Meeting LIVE: The US dollar was overall steady against major peers at 107.89 on the dollar index. The euro was little changed at $1.0420 ahead of the European Central Bank’s policy decision later in the day. Sterling was flat at $1.2451, while the yen strengthened about 0.4% to 154.55 per dollar.

30 Jan 2025, 07:09:59 AM IST

US Fed Meeting LIVE: Gold prices fall after US Fed policy

US Fed Meeting LIVE: Gold prices held a slight decline after US Fed Chair Jerome Powell said officials won’t rush to lower US interest rates. Bullion traded near $2,760 an ounce, within about $30 of its all-time high.

30 Jan 2025, 06:58:07 AM IST

US Fed Meeting LIVE: Tesla shares rally 4% after Q4 results

US Fed Meeting LIVE: Tesla reported lower than expected profits but said it expects vehicle sales to climb this year after a challenging 2024. Tesla share price rallied 4.16% in extended trade after closing 2.26% lower.

The Elon Musk-led electric vehicle maker said its quarterly net income adjusted for one-time items rose 3% to $2.6 billion, or 73 cents a share — less than analysts’ estimate of 77 cents. Tesla’s Q4 revenue rose 2% to $25.7 billion, also missing analyst estimates. Full-year auto sales fell 1% to just under 1.8 million vehicles.

30 Jan 2025, 06:44:11 AM IST

US Fed Meeting LIVE: Microsoft shares tank nearly 5% after December quarter earnings 

US Fed Meeting LIVE: Microsoft shares tanked nearly 5% after it reported December quarter earnings and forecast disappointing growth in its Azure cloud computing business. Microsoft’s total revenue rose 12% to $69.6 billion in the fiscal second quarter ended December, compared with analysts’ average estimate of $68.78 billion, according to data compiled by LSEG. The company reported a profit of $3.23 per share, beating expectations of $3.11 per share.

Revenue of its Intelligent Cloud unit, which includes the Azure platform, rose to $25.54 billion, missing expectations of $25.76 billion. Microsoft CFO Amy Hood said Azure would grow between 31% and 32% in the current fiscal third quarter, below the 33% Wall Street expects, according to data from Visible Alpha.

30 Jan 2025, 06:27:47 AM IST

US Fed Meeting LIVE: Asian markets track overnight Wall Street declines

US Fed Meeting LIVE: Asian markets traded lower on Thursday following overnight losses on Wall Street after US Fed policy.

Japan’s Nikkei 225 fell 0.17% and the Topix dropped 0.21%. Australian markets climbed with the S&P/ASX 200 rising 0.37%. Markets in China, Taiwan, South Korea and Hong Kong are closed for the Lunar New Year holiday.

30 Jan 2025, 06:07:04 AM IST

US Fed Meeting LIVE: Fed doesn’t need to be in a hurry to lower rates, says Powell 

US Fed Meeting LIVE: Fed Chair Jerome Powell said officials are not in a rush to lower interest rates, adding the central bank is pausing to see further progress on inflation following a string of rate reductions last year, Bloomberg reported. “We do not need to be in a hurry to adjust our policy stance,” Powell said, noting that the economy remains strong and interest rates are no longer restraining the economy as much as they had been.

30 Jan 2025, 03:47:07 AM IST

US Fed Meeting LIVE: Powell-led FOMC to meet next in March

US Fed Meeting LIVE: US Fed Chair Powell-led FOMC will now meet on March 18-19 to deliberate for the next set of policy decisions.

30 Jan 2025, 03:42:33 AM IST

US Fed Meeting LIVE: Key highlights of Powell-led FOMC decision

US Fed Meeting LIVE: Here are the key highlights from the January policy verdict

-Powell-led FOMC voted unanimously and left the overnight interest rates unchanged at 4.25-4.50 per cent after three straight policy reductions in 2024

-US Fed conveyed a more deliberate approach to rate decisions and gave little insight into when further reductions in borrowing costs may take place.

-The US Fed said labour market conditions remain solid, inflation remains somewhat elevated, and risks to achieving its goals are ‘roughly in balance’.

-US Fed chair Jerome Powell said the central bank does not need to be in a hurry to lower rates and will ‘wait and see’ on Trump policies.

-Wall Street traded lower and settled off day’s lows after the US Fed policy. S&P 500 lost 29.03 points to end at 6,038.67, while the Nasdaq Composite lost 106.08 points to 19,627.51. 

30 Jan 2025, 03:30:31 AM IST

US Fed Meeting LIVE: Bitcoin rises for first time in five days after risk appetite rebounds

US Fed Meeting LIVE: Bitcoin rose for the first time in five days with traders’ appetite for riskier assets rebounding after the Federal Reserve held interest rates steady. Crypto prices have fallen in recent days as Chinese artificial intelligence startup DeepSeek triggered volatility in broader markets. Bitcoin has been moving more in tandem with stock markets recently.

The largest cryptocurrency by market value gained as much as 4.5 per cent to $104,783 on Wednesday. That lifted the token to around $4,000 below the all-time high reached last week on President Donald Trump’s inauguration day.

30 Jan 2025, 03:19:48 AM IST

US Fed Meeting LIVE: US President Donald Trump slams US Fed chair Powell, vows to ‘unleash’ lending

US Fed Meeting LIVE: US President Donald Trump on Wednesday slammed the Federal Reserve and its chair Jerome Powell, accusing them of failing “to stop the problem they created with Inflation.”

In a post to his Truth Social account, Trump said the Fed had done a “terrible job” on banking regulation, adding that the US Treasury Department would lead a deregulatory push to “unleash lending” for US consumers and businesses.

30 Jan 2025, 03:11:37 AM IST

US Fed Meeting LIVE: US Treasury yields reverse gains after Powell sees further progress on inflation

US Fed Meeting LIVE: US Treasury yields reversed an earlier rise on Wednesday after US Federal Reserve Chair Jerome Powell said he expects to see further progress on inflation even as the US central bank removed language from its latest policy meeting statement that had acknowledged easing inflation.

The two-year note yield, which typically moves in step with Fed interest rate expectations, was last up 2.1 basis points on the day 4.226 per cent. It got as high as 4.263 per cent after the Fed statement. Benchmark 10-year yields fell 0.2 basis points to 4.547 per cent after earlier reaching 4.593 per cent. The yield curve between two-year and 10-year yields was at 33.6 basis points.

30 Jan 2025, 03:06:49 AM IST

US Fed Meeting LIVE: Wall Street ends down but off day’s lows

US Fed Meeting LIVE: US stocks ended lower but off their lows of the day on Wednesday as the Federal Reserve held interest rates steady as expected and Fed Chair Jerome Powell offered soothing comments on the economy.

Technology shares were the biggest drags on the S&P 500, with Nvidia and Microsoft among stocks leading the way down. The Fed gave little insight into when further reductions in borrowing costs may take place.

Nvidia led a tech selloff on Monday after Chinese startup DeepSeek launched AI models it said were cost-effective and ran on less advanced chips compared to OpenAI.

The S&P 500 lost 29.03 points, or 0.48 per cent, to end at 6,038.67 points, while the Nasdaq Composite lost 106.08 points, or 0.54 per cent, to 19,627.51. The Dow Jones Industrial Average fell 140.04 points, or 0.31 per cent, to 44,710.31.

30 Jan 2025, 03:01:29 AM IST

US Fed Meeting LIVE: US stocks retreat after Fed holds steady on interest rates

US Fed Meeting LIVE: Wall Street stocks finished lower ahead of a deluge of earnings from tech heavyweights as markets digested the US Federal Reserve decision to keep interest rates unmoved. The Dow Jones Industrial Average finished down 0.3 per cent at 44,713.52. 

The broad-based S&P 500 declined 0.5 per cent to 6,039.31, while the tech-rich Nasdaq Composite Index dropped 0.5 per cent to 19,632.32. Nvidia fell four percent on Wednesday.

The session extended a choppy trend this week after revelations about Chinese artificial intelligence firm DeepSeek pummeled Nvidia and other US stocks on Monday before they rebounded on Tuesday. 

30 Jan 2025, 02:42:36 AM IST

US Fed Meeting LIVE: Oil prices settle down as US stockpile grows, tariffs still in focus

US Fed Meeting LIVE: Oil prices fell on Wednesday, with the US benchmark settling at its lowest year to date, after domestic crude stockpiles in the world’s top petroleum producer and consumer rose more than expected last week. The Fed gave little insight on when it plans to lower borrowing costs, which could boost economic activity and oil demand.

Brent crude futures settled down 91 cents, or 1.2 per cent, at $76.58 a barrel. US crude futures fell $1.15, or 1.6 per cent, to $72.62, their lowest settlement price so far this year. Crude oil stockpiles in the US rose by 3.46 million barrels last week as refiner intake slumped for a third consecutive week, data from the Energy Information Administration showed.

30 Jan 2025, 02:37:31 AM IST

US Fed Meeting LIVE: ‘Mag Seven’ Hit on earnings day after Nvidia drops 6%

US Fed Meeting LIVE: Stock traders took some risk off the table before the Federal Reserve decision, with a trio of tech heavyweights kicking off the megacap earnings season just days after DeepSeek rattled markets.

The S&P 500 fell ahead of results from Meta Platforms Inc., Microsoft Corp. and Tesla Inc. A gauge of the “Magnificent Seven” megacaps dropped 1.4 per cent, with Nvidia Corp. down six per cent. Trump administration officials are exploring additional curbs on the sale of the firm’s chips to China. 

Apple Inc. slipped after an analyst downgrade. ASML Holding NV surged after booking orders worth twice as much as analysts expected. While profits from the Magnificent Seven behemoths are still rising — and far outpacing the rest of the market — growth is projected to come in at the slowest pace in almost two years. 

30 Jan 2025, 02:30:47 AM IST

US Fed Meeting LIVE: US stocks pare losses on Powell’s inflation remarks

US Fed Meeting LIVE: Stocks pared losses after Jerome Powell eased Wall Street’s concerns about lack of inflation progress, saying a reference on that front in the Federal Reserve’s policy statement wasn’t meant to send any signal.

The S&P 500 trimmed by half a slide that earlier approached one per cent. Big tech remained under pressure ahead of the start of the group’s earnings season, with Meta Platforms Inc, Microsoft Corp. and Tesla Inc reporting their numbers after the closing bell. Treasury yields came off session highs. The dollar was little changed.

The S&P 500 fell 0.6 per cent. The Nasdaq 100 dropped 0.4 per cent. The Dow Jones Industrial Average slid 0.3 per cent. The yield on 10-year Treasuries advanced two basis points to 4.55 per cent. The loonie pared losses after the Bank of Canada cut rates but dropped guidance on any further adjustments to borrowing costs.

30 Jan 2025, 02:11:46 AM IST

US Fed Meeting LIVE: Wall Street stocks down, Treasury yields up as Fed leaves rates unchanged

US Fed Meeting LIVE: US equity indexes dipped, and Treasury yields pushed higher on Wednesday after the US Federal Reserve held interest rates steady and gave little insight into when further reductions in borrowing costs may take place.

After several months in which inflation data has largely moved sideways, the U.S. central bank dropped from its latest policy statement language saying that inflation “has made progress” towards the Fed’s two per cent inflation goal, noting only that the pace of price increases “remains elevated.”

The Dow Jones Industrial Average fell 0.37 per cent, to 44,683, the S&P 500 lost 0.62 per cent, to 6,028 and the Nasdaq Composite dropped about 0.9 per cent, to 19,560. In bond markets, the 10-year US Treasury yield rose 2.2 basis points to 4.571 per cent, while the two-year note yield, which typically moves in step with interest rate expectations for the Fed, increased 3.1 basis points to 4.236 per cent.

30 Jan 2025, 02:05:16 AM IST

US Fed Meeting LIVE: Gold dips as dollar, yields climb after Fed stands pat on rates

US Fed Meeting LIVE: Gold prices slipped on Wednesday as the dollar and bond yields rose after the US Federal Reserve held interest rates steady, as widely expected, providing little clarity on the timing of future rate cuts. Spot gold fell 0.4 per cent to $2,753.86 per ounce by 02:56 p.m. ET (1956 GMT), while US gold futures settled 0.1 per cent higher at $2,779.80, widening the premium over spot gold rates.

30 Jan 2025, 01:43:54 AM IST

US Fed Meeting LIVE: US dollar firms against peers after Fed holds rates steady

US Fed Meeting LIVE: The US dollar was firmer against major currencies on Wednesday after the Federal Reserve left interest rates unchanged as widely expected but gave scant clues about further reductions in borrowing costs this year.

US Fed officials unanimously decided to keep the overnight interest rate in the current 4.25 per cent-4.50 per cent range, putting the central bank in a holding pattern as they await further inflation and jobs data and clarity on the impact of President Donald Trump’s policies.

30 Jan 2025, 01:39:30 AM IST

US Fed Meeting LIVE: US Fed’s Powell says looking at new Trump diversity orders

US Fed Meeting LIVE: US Federal Reserve Chairman Jerome Powell said Wednesday the central bank is studying new directives from the Trump Administration pushing against policies promoting diversity in the government workforce.

“We’re reviewing the orders and the associated details” of the new diversity policies and “as has been our practice over many administrations, we are working to align our policies with executive orders as appropriate and consistent with applicable law,” Powell said in a press conference following the Fed’s latest policy meeting.

30 Jan 2025, 01:32:26 AM IST

US Fed Meeting LIVE: US Fed to ‘wait and see’ what Trump’s policies are: Powell

US Fed Meeting LIVE: The US Federal Reserve will wait to see how President Trump’s policies affect the economy, Fed chair Jerome Powell said Wednesday, shortly after policymakers voted to pause rate cuts.

“We’re going to wait and see,” Powell said in response to a question about how the Fed was considering Trump’s economic proposals, which include the imposition of new tariffs and the mass deportation of undocumented workers.

30 Jan 2025, 01:30:53 AM IST

US Fed Meeting LIVE: Fed’s Powell says he has not had contact with Trump

US Fed Meeting LIVE: US Federal Reserve Chair Jerome Powell on Wednesday said he has had no contact so far with President Donald Trump, and declined to comment on Trump’s remark last week that he would demand lower interest rates from the central bank.

“I’m not going to have any response or comment whatsoever on what the president said,” Powell said at a press conference following the US Fed’s decision to leave interest rates unchanged. “I’ve had no contact”.

30 Jan 2025, 01:26:07 AM IST

US Fed Meeting LIVE: Powell says ‘not appropriate’ to comment on Trump request for rate cuts

US Fed Meeting LIVE: US Federal Reserve Chair Jerome Powell said Wednesday he would not respond or comment on President Donald Trump’s recent remarks that he would demand lower interest rates. Speaking to reporters, Powell said “it’s not appropriate for me to do so,” adding that he has not had contact with Trump. “Fed will ‘wait and see’ what Trump’s policies are,” he added.

30 Jan 2025, 01:20:04 AM IST

US Fed Meeting LIVE: FOMC says ‘job market solid’, inflation ‘elevated’

US Fed Meeting LIVE: The US Fed reduced its rate last year to 4.3 per cent from 5.3 per cent, in part out of concern that the job market was weakening. Hiring had slowed in the summer and the unemployment rate ticked up, leading Fed officials to approve an outsized half-point cut in September. Yet hiring rebounded last month and the unemployment rate declined slightly, to a low 4.1 per cent.

30 Jan 2025, 01:16:52 AM IST

US Fed Meeting LIVE: Wall Street extends losses after US Fed holds rates steady

US Fed Meeting LIVE: US stocks added to losses on Wednesday, with the Nasdaq down more than one per cent, after the US Fed held interest rates steady and gave little insight into when further reductions in borrowing costs may take place. 

Stocks were lower before the announcement, with tech heavyweights, including Nvidia and Microsoft leading the way down. The decision to hold the policy rate steady was widely anticipated following three consecutive rate cuts in 2024 that reduced the Fed’s benchmark rate by a full percentage point. 

30 Jan 2025, 01:14:58 AM IST

US Fed Meeting LIVE: Fed Chair Powell says no hurry to adjust rates

US Fed Meeting LIVE: Federal Reserve Chair Jerome Powell said Wednesday the US central bank does not need to rush to adjust interest rates, after pausing cuts in its first decision since President Donald Trump returned to office. “We do not need to be in a hurry to adjust our policy stance,” Powell told reporters, saying the world’s biggest economy remains solid.

30 Jan 2025, 01:11:52 AM IST

US Fed Meeting LIVE: How Trump tariffs may impact policy decisions

US Fed Meeting LIVE: Fed Chair Jerome Powell has said it is harder to gauge where inflation is headed, in part because of increased uncertainty around what policies Trump will adopt and how quickly they will affect the economy. Trump has promised widespread tariffs, tax cuts, and mass deportation of immigrants, all of which could push prices higher. The Fed typically keeps interest rates high to slow borrowing and spending and cool inflation.

The Trump administration has also said it will carry out mass deportations of migrants, which could push up inflation by reducing the economy’s ability to produce goods and services. At the same time, some economists say Trump’s promises to deregulate the economy could lower prices over time.

When Trump imposed tariffs on a limited number of imports in 2018 and 2019, Fed economists expected the biggest impact to fall on economic growth, with the inflationary impact being relatively minor. As a result, when growth did slow, the Fed ended up cutting its key rate in 2019, rather than raising it to fight off any inflationary impact.

30 Jan 2025, 01:01:49 AM IST

US Fed Meeting LIVE: US Fed to assess incoming data for further rate cuts

US Fed Meeting LIVE: Recent key inflation readings remain about half a percentage point or more above the US Fed’s target. US Fed officials say they largely believe the progress in lowering inflation will resume this year but have now put rates on hold as they await data to confirm it.

“Economic activity has continued to expand at a solid pace. The unemployment rate has stabilized at a low level in recent months, and labor market conditions remain solid,” the central bank’s policy-setting Federal Open Market Committee said in a statement after the end of its latest two-day meeting.

“In considering the extent and timing of additional adjustments to the target range for the federal funds rate, the Committee will carefully assess incoming data, the evolving outlook, and the balance of risks,” it said.

The unanimous decision to keep the overnight interest rate in the current 4.25 per cent-4.50 per cent range, coupled with the new statement, puts the Fed in a holding pattern as officials await further inflation and jobs data and clarity on the impact of President Donald Trump’s policies.

30 Jan 2025, 12:57:06 AM IST

US Fed Meeting LIVE: US Treasury yields rise after Fed drops inflation progress language

US Fed Meeting LIVE: US Treasury yields rose on Wednesday after the US Federal Reserve kept interest rates steady and gave little insight into when further reductions in borrowing costs may take place.

After several months in which inflation data have largely moved sideways, the US central bank dropped from its latest policy statement language saying inflation “has made progress” towards the Fed’s two per cent inflation goal, noting only the pace of price increases ” remains elevated.

The two-year note yield, which typically moves in step with Fed interest rate expectations, was last up 4.8 basis points on the day at 4.255 per cent. Benchmark 10-year yields rose 3.6 basis points to 4.58 per cent. The yield curve between two-year and 10-year yields was at 33 basis points.

30 Jan 2025, 12:49:43 AM IST

US Fed Meeting LIVE: FOMC statement

US Fed Meeting LIVE: FOMC held the key rates steady after cutting it three times in a row last year, a sign of a more cautious approach as the US Fed seeks to gauge where inflation is headed and what policies President Donald Trump may pursue. The US Fed reduced its rate last year to 4.3 per cent from 5.3 per cent, in part out of concern that the job market was weakening. 

Hiring had slowed in the summer and the unemployment rate ticked up, leading Fed officials to approve an outsized half-point cut in September. Yet hiring rebounded last month and the unemployment rate declined slightly, to a low 4.1 per cent.

In its statement Wednesday, the Fed upgraded its assessment of the job market, calling it “solid,” and noting that the unemployment rate “has stabilized at a low level in recent months.” 

The Fed also appeared to toughen its assessment of inflation, saying that it “remains somewhat elevated.” Both a healthier job market and more stubborn inflation typically would imply fewer Fed rate cuts in the coming months.

30 Jan 2025, 12:42:23 AM IST

US Fed Meeting LIVE: US Fed policymakers voted unanimously to hold key rates steady in first decision of Trump presidency

US Fed Meeting LIVE: The US Federal Reserve left its key lending rate unchanged Wednesday, resisting pressure from President Donald Trump to continue cuts in the first interest rate decision since his return to office.

Policymakers voted unanimously to hold the Fed’s benchmark lending rate at between 4.25 per cent and 4.50 per cent, the US Fed said in a statement, adding: “The unemployment rate has stabilized at a low level in recent months, and labour market conditions remain solid.”

30 Jan 2025, 12:38:21 AM IST

US Fed Meeting LIVE: Powell-led FOMC holds benchmark interest rates steady at 4.25-4.50% in first policy verdict of 2025

US Fed Meeting LIVE: The US Federal Reserve held interest rates steady on Wednesday and gave little insight into when further reductions in borrowing costs may take place in an economy where inflation remains above target, growth continues, and the unemployment rate is low.

After several months in which inflation data have largely moved sideways, the US central bank dropped from its latest policy statement language saying that inflation “has made progress” towards the Fed’s two per cent inflation goal, noting only that the pace of price increases “remains elevated.”

30 Jan 2025, 12:27:54 AM IST

US Fed Meeting LIVE: Chip stocks mixed with DeepSeek shock, US Fed, earnings in focus

US Fed Meeting LIVE: Semiconductor stocks were a mixed bag on Wednesday, with European chip stocks rallying on strong earnings while US stocks including Nvidia fell as investors continued to assess the potential threat from China’s low-cost DeepSeek artificial intelligence tool.

On Wall Street, the Philadelphia semiconductor index struggled for direction but was last down 0.4per cent. The broader S&P 500 tech index fell 1.9 per cent, with a big drag from AI chip leader Nvidia which was down more than six per cent.

Nvidia rose 8.9 per cent on Tuesday following a 17 per cent fall on Monday, a record one-day market value loss, after DeepSeek’s AI tools emerged as challengers to incumbents such as OpenAI’s ChatGPT, while signalling that development costs may sink.

DeepSeek launched a free AI assistant last week that overtook OpenAI’s ChatGPT downloads on Apple’s App Store, while the cost and performance of its tools upended industry beliefs that China was years behind US rivals in the AI race.

30 Jan 2025, 12:06:28 AM IST

US Fed Meeting LIVE: Canadian dollar dips as BoC rate cut adds to interest rate divergence

US Fed Meeting LIVE: The Canadian dollar weakened against the greenback on Wednesday as the Bank of Canada’s latest interest rate cut helped widen the gap between Canadian and U.S. bond yields, but the decline was limited ahead of a Federal Reserve policy decision.

The loonie was trading 0.2 per cent lower at 1.4420 per US dollar, or 69.35 US cents, after trading in a range of 1.4393 to 1.4471. The BoC reduced its key policy rate by 25 basis points to three per cent, cut growth forecasts and warned Canadians that a tariff war triggered by the UScould cause major economic damage.

29 Jan 2025, 11:51:50 PM IST

US Fed Meeting LIVE: D-Street to react to US Fed decision tomorrow

US Fed Meeting LIVE: Ajit Mishra – SVP, Research, Religare Broking Ltd said,

“Markets managed to inch higher despite volatility, gaining nearly 1% amid mixed cues. Nifty saw sharp fluctuations in early trade but gradually strengthened, closing near the day’s high at 23,163.10. 

Most key sectors contributed to the recovery, with realty, IT, and energy leading the gains. However, the session’s highlight was the strong rebound in broader indices, which surged between 2.3 per cent and 3.4 per cent.

Market participants will react to the US Fed meeting outcome in early Thursday trades, followed by the focus shifting to the January derivatives expiry. On the benchmark front, Nifty is recovering amid choppy conditions and approaching its critical resistance at 23,300 (20 DEMA). 

A decisive close above this level could extend the recovery, while failure to do so may trigger profit-taking. Given the current rebound, traders should maintain a cautious stance and prefer hedged positions.”

29 Jan 2025, 11:36:59 PM IST

US Fed Meeting LIVE: Gold prices hold steady as investors await US Fed policy cues

US Fed Meeting LIVE: Gold prices remained steady on Wednesday, as investors awaited the US Federal Reserve’s decision on interest rates due later in the day. They also focused on US President Donald Trump’s trade policies following his tariff threats.

Spot gold eased 0.2 per cent to $2,756.49 per ounce by 12:16 p.m. ET (1716 GMT), while US gold futures rose 0.1 per cent to $2,770.70, widening the premium over spot gold rates. Elsewhere, spot silver gained one per cent to $30.70 per ounce; platinum also added 0.6 per cent to $947.30. Palladium was up 0.9 per cent to $963.23.

Gold prices neared all-time highs last week after Trump called for lower interest rates. Bullion tends to thrive in a low-interest-rate environment as it yields no interest. Prices retreated sharply on Monday as a sell-off in technology stocks, driven by Chinese AI model DeepSeek, sparked a rush to liquidate bullion to counter losses.

29 Jan 2025, 11:22:13 PM IST

US Fed Meeting LIVE: Tech majors drag Wall Street ahead of US Fed policy

US Fed Meeting LIVE: The S&P 500 and the Nasdaq slipped on Wednesday, as losses in tech heavyweights Apple and Nvidia pressured broader gains and cautious investors braced for the US Federal Reserve’s interest-rate decision, expected later in the day.

At 11:23 a.m. ET, the Dow Jones Industrial Average rose 18.05 points, or 0.04 per cent, to 44,868.40, the S&P 500 lost 21.63 points, or 0.36 per cent, to 6,046.03, and the Nasdaq Composite lost 136.74 points, or 0.69 per cent, to 19,596.84.

Seven of the 11 S&P 500 sectors were trading higher, although information technology dropped 1.4 per cent, overshadowing gains. Nvidia fell 4.6 per cent after rising close to nine per cemt on Tuesday. 

Its shares were hammered on Monday, after Chinese startup DeepSeek launched AI models it said were cost-effective and ran on less advanced chips compared to OpenAI. Apple shed 0.6 per cent after brokerage Oppenheimer downgraded its rating to “perform” from “outperform”. The iPhone maker is scheduled to report quarterly earnings later this week.

29 Jan 2025, 11:08:54 PM IST

US Fed Meeting LIVE: Wall Street drifts ahead of the US Fed’s rate decision

US Fed Meeting LIVE: US stock indexes are drifting on Wednesday, ahead of the Federal Reserve’s upcoming decision on interest rates and after two days of disruption driven by doubts about the artificial-intelligence boom.

The S&P 500 was down 0.3 per cent in afternoon trading on a packed day that will also include earnings reports from influential companies like Microsoft, Meta Platforms, and Tesla after trading closes. 

The Dow Jones Industrial Average was up 27 points, or 0.1 per cent, as of 12:20 p.m. Eastern time, and the Nasdaq composite was 0.6 per cent lower.

29 Jan 2025, 10:54:51 PM IST

US Fed Meeting LIVE: Tech stocks lift Europe’s STOXX 600 to record high; US Fed in focus

US Fed Meeting LIVE: European shares closed at a record high on Wednesday, boosted by technology stocks following strong results from chip equipment maker ASML, while investors shifted their focus to a monetary policy verdict by the US Federal Reserve.

The pan-European STOXX 600 was up 0.5 per cent, logging its biggest one-day jump in more than one week. The technology sector led gains with a 2.5 per cent jump, making it the biggest daily rise in three weeks. ASML jumped 5.6 per cent after the Dutch company reported better-than-expected fourth-quarter bookings of 7.09 billion euros ($7.39 billion).

The chip equipment maker’s earnings also reassured investors that AI chip prospects were still healthy, as they recovered from a selloff earlier this week sparked by the release of China’s DeepSeek’s model, which uses less computing power than those of rivals.

Other semiconductor stocks STMicroelectronics, BE Semiconductor and ASM International gained between 0.8 per cent and 3.1 per cent. Other AI-exposed stocks such as Schneider Electric and Siemens Energy, which took a hit on Monday, were trading 4.7 per cent and 4.9 per cent higher, respectively.

29 Jan 2025, 10:42:48 PM IST

US Fed Meeting LIVE: US stocks fall on Fed day with eyes on tech earnings

US Fed Meeting LIVE: Stock traders took some risk off the table ahead of the Federal Reserve decision, with a trio of tech heavyweights kicking off the megacap earnings season just days after DeepSeek rattled markets.

The S&P 500 fell ahead of results from Meta Platforms Inc., Microsoft Corp. and Tesla Inc. A gauge of the “Magnificent Seven” megacaps dropped one per cent, with Nvidia Corp. coming under renewed pressure. Apple Inc. slipped after an analyst downgrade. 

ASML Holding NV surged after booking orders worth twice as much as analysts expected. Treasuries and the dollar barely budged. 

29 Jan 2025, 10:27:58 PM IST

US Fed Meeting LIVE: US stocks diverge, US dollar steady before US Fed rate decision

US Fed Meeting LIVE: Equity markets diverged Wednesday as attention turned away from recent turbulence in tech stocks to the outlook for interest rates, with the Fed and the ECB both holding their first major meetings of the year.

In late morning trading in New York, the Dow was little changed, while the wider S&P and the tech-heavy Nasdaq were lower. In Europe, London and continental bourses mostly rose, except Paris, which was dragged down by poor results from luxury group LVMH, Europe’s largest company by market value.

While the US Federal Reserve is expected to keep interest rates unchanged at its Wednesday meeting, investors were awaiting US Fed Chairman Jerome Powell’s post-meeting comments, given President Donald Trump’s pressure to lower rates.

Trump’s plans to slash taxes, restrict immigration, and impose tariffs could reignite inflation and, therefore, keep borrowing costs higher for longer—even if the president has told the independent Fed that he wants lower rates. 

29 Jan 2025, 10:17:00 PM IST

US Fed Meeting LIVE: US stocks fall on Fed day with eyes on tech earnings

US Fed Meeting LIVE: Stock traders took some risk off the table ahead of the Federal Reserve decision, with a trio of tech heavyweights kicking off the megacap earnings season just days after DeepSeek rattled markets.

The S&P 500 fell ahead of results from Meta Platforms Inc., Microsoft Corp. and Tesla Inc. A gauge of the “Magnificent Seven” megacaps dropped one per cent, with Nvidia Corp. coming under renewed pressure. Apple Inc. slipped after an analyst downgrade. ASML Holding NV surged after booking orders worth twice as much as analysts expected. Treasuries and the dollar barely budged.

The S&P 500 fell 0.3 per cent. The Nasdaq 100 dropped 0.3 per cent. The Dow Jones Industrial Average rose 0.1 per cent. The yield on 10-year Treasuries as little changed at 4.53 per cent. The Bloomberg Dollar Spot Index wavered. The loonie remained lower after the Bank of Canada cut rates, but dropped guidance on any further adjustments to borrowing costs.

29 Jan 2025, 10:08:24 PM IST

US Fed Meeting LIVE: US dollar firms as investors await US Fed interest rate decision

US Fed Meeting LIVE: The US dollar was firmer against major currencies on Wednesday as investors awaited the US Federal Reserve’s monetary policy decision and clues on the trajectory of interest rates this year. The US Fed is widely expected to hold interest rates steady at the end of its first policy meeting of the year. 

Markets price two 25-basis-point cuts from the Fed this year but do not expect the first easing until June. The US dollar and other major currencies have been under pressure as investors weigh the impact of US President Donald Trump’s anticipated tariff policies. 

The dollar strengthened 0.23 per cent to 0.906 against the Swiss franc. Against the Japanese yen, the dollar weakened 0.29 per cent to 155.07. The dollar index, which measures the greenback against a basket of currencies including the yen and the euro, rose 0.03 per cent to 107.95. 

The index touched a one-month low on Monday at 106.96 amid a global selloff in technology stocks and rush to safe-haven currencies such as the Japanese yen and Swiss franc, but the index is still up more than four per cent since the US election in November.

29 Jan 2025, 09:56:04 PM IST

US Fed Meeting LIVE: Indian rupee traded flat ahead of US Fed policy

US Fed Meeting LIVE: Jateen Trivedi, VP Research Analyst – Commodity and Currency, LKP Securities said, “The rupee traded flat near 86.50 as market participants remained cautious ahead of the US Federal Reserve’s policy decision. With uncertainty surrounding the US Fed’s stance, currency traders held back from aggressive moves, keeping volatility subdued. 

Additionally, focus remains on India’s upcoming budget announcement, which is expected to set the tone for foreign investment and economic growth. Any major policy changes could impact rupee sentiment in the near term. The rupee’s trading range is expected to remain between 86.25 and 86.80.”

29 Jan 2025, 09:46:06 PM IST

US Fed Meeting LIVE: Eurozone yields steady, focus turns to Fed and ECB

US Fed Meeting LIVE: Euro zone bond yields were little changed as traders caught their breath ahead of the Federal Reserve’s meeting later in the day and the European Central Bank’s on Thursday. Looming US tech earnings and lower crude prices werealso in focus. Germany’s 10-year yield, the benchmark for the euro zone, was last flat at 2.557 per cent, broadly in the middle of its recent range.

Investors will be watching chair Jerome Powell’s press conference to gauge how he is processing the latest inflation figures, US President Donald Trump’s early economic policies, and this week’s tech-led equities selloff. 

The 10-year US Treasury yield was last at 4.524 per cent, two basis points (bps) lower on the day. The ECB is expected to cut interest rates by 25 basis points when it meets on Thursday as policymakers look to boost a sluggish economy.

Wednesday data showed bank lending to firms in the 20-nation euro zone picked up last month, a sign that recent rapid interest rate cuts have started to flow through to the real economy. Major tech earnings due after Wednesday’s close could also move the dial for European bonds.

29 Jan 2025, 09:38:21 PM IST

US Fed Meeting LIVE: CANADA STOCKS-TSX rises to near seven-week high after Bank of Canada’s rate cut

US Fed Meeting LIVE: Canada’s main stock index rose on Wednesday, led by mining shares, as investors cheered the Bank of Canada’s decision to cut interest rates by a quarter percentage point. The Toronto Stock Exchange’s S&P/TSX composite index was up 0.3 per cent at 25,502.94, its highest level since December 12.

The Bank of Canada cut its key policy rate by 25 basis points to three per cent, lowered its growth forecast to 1.8 per cent in 2025 from the 2.1 per cent predicted in October and warned Canadians that a tariff war triggered by the US could cause major economic damage.

Wednesday’s decision was the sixth consecutive time the Bank of Canada lowered interest rates, reducing them by two percentage points over seven months. On Tuesday, the White House said US President Donald Trump still plans to hit Mexico and Canada with tariffs on Saturday.

Later in the day, the US Federal Reserve is expected to end a three-meeting run of rate cuts and stay on hold, but investors will be eager to get a sense of what it makes of Trump’s eventful first nine days back in charge. Since resuming office, Trump has expressed his desire for lower rates and reiterated that he believes the US Fed should consider his views.

29 Jan 2025, 09:35:10 PM IST

US Fed Meeting LIVE: US Fed’s dovish stance to support Indian markets, says SKI Capital’s Narinder Wadhwa

US Fed Meeting LIVE: Narinder Wadhwa, Managing Director and CEO of SKI Capital, comments ahead of the upcoming US Fed policy verdict:

“The Federal Open Market Committee (FOMC) is widely expected to maintain the current rate. While rate cuts generally support risk assets, India’s attractiveness will depend on factors such as domestic economic growth, geopolitical stability, and corporate earnings. Persistent global uncertainties or better returns in other emerging markets could still lead to outflows,” said Wadhwa.

“FPIs could concentrate investments in sectors like IT, pharmaceuticals, and export-oriented industries that might benefit from a weaker rupee due to a rate-cut-driven dollar weakness. Indian equities are currently trading at premium valuations compared to peers. This could deter FPIs, especially if they find cheaper opportunities in other markets. India’s relatively high inflation and fiscal concerns could make it less attractive despite the global easing cycle.

The Fed’s tone regarding future rate cuts will matter. A dovish stance could support Indian markets, while concerns about global economic slowdown or uneven growth may deter FPIs from taking on risk in emerging markets,” he added.

29 Jan 2025, 09:27:30 PM IST

US Fed Meeting LIVE: US Fed chair Jerome Powell to address post-policy press conference after FOMC statement

US Fed Meeting LIVE: Traders widely expect the US Fed to steady the federal funds rate. If they’re correct, it would be the first time the Fed has done so since it began lowering rates in September to boost the economy.

After the US Fed announces its decision, US Fed Chair Jerome Powell will address a post-policy press conference and speak with reporters, where he could give hints about whether the central bank envisions more rate cuts this year. 

In December, the Fed helped send US stocks to one of their worst days of 2024 after indicating it envisions cutting the fed funds rate just twice in 2025, down from an earlier projection of four times. Lower rates can goose the economy by making borrowing cheaper, raising corporate profits. 

They can also boost investment prices, but the downside is that they could provide more fuel for inflation. Worries have been climbing that inflation may be difficult to fully subdue to the Fed’s two per cent target, particularly with uncertainty about tariffs and other policies potentially coming from US President Donald Trump.

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