US Fed Steady Rates

The easing of the Federal Reserve's preferred inflation gauge has further bolstered hopes of aggressive rate cuts next year

Closing Bell on December 14, 2023: At close, the Sensex index stood at 70,514, up 930 points or 1.34 per cent, while the Nifty50 settled 256 points, or 1.23 per cent, higher at 21,183

A near unanimous 17 of 19 Fed officials project that the policy rate will be lower by the end of 2024 than it is now

US central bank kept its benchmark lending rate in target range of 1-1.25%