Fed Reserve Chair Jeremy Powell

"If the economy evolves broadly as expected, policy will move over time toward a more neutral stance," Powell said

US Fed rate cuts: The last time the Federal Open Market Committee (FOMC) cut by half percentage was in 2008 during the global financial crisis

Nifty rises 0.75% to reclaim 25,000

Powell instead could provide some background for the public and markets to understand how the Fed will respond as the economy evolves

US stocks on Friday ended lower after an early rally fizzled

Investors are a lot less dovish on the Fed, seeing little prospect of a move until September and even that is far from a done deal

Others see a slowing economy and weakening job growth on the horizon, pushing the Fed to cut in order to support the labor market

But a few big buyers in credit markets are calling Fed's bluff

In Powell's view, the gravity-defying strength of American labor markets is smoothing the way for a soft landing, even after five percentage points of interest-rate hikes in little over a year

January US job openings dip, but still high at 10.8 million

Global financial conditions would tighten further

The total crypto market cap fell below $1 trillion after staying above it for over a month. Bitcoin fell below $20,000, and Ethereum slipped below $1,500

Last week, the Sensex and the Nifty shed over 1 per cent but were still up nearly 15 per cent from their June lows

CLOSING BELL: Tech M, Tata Motors, BPCL, ITC, JSW Steel, PowerGrid, Bajaj Auto, Infosys, TCS, Bajaj Finserv, Bharti Airtel, Wipro and IndusInd Bank were the other gainers

CLOSING BELL: Ultratech Cement, HDFC Life, Asian Paints, Shree Cement, Eicher Motors, SBI Life, and Tata Consumer Products were the top laggards, down up to 6.5 per cent

Dollar steadily rose in a week highlighted by a more hawkish tone coming out of a Federal Reserve meeting

The Federal Reserve has indicated it is likely to raise U.S. interest rates in March, as has been widely expected

WASHINGTON (Reuters) - With the U.S. Federal Reserve in the midst of a complicated policy shift, central bank watchers see a renomination of Jerome Powell to a second 4-year term as Fed chief as increasingly likely, a view bolstered by Powell's standing within the Biden administration and a closely divided Senate.

The US economy is poised for an extended period of strong growth and hiring, the chair of the Federal Reserve has said

Fed's new approach would allow for prices to overshoot target