US Fed Meeting Highlights: Sensex, Nifty 50 at record highs after Powell-led FOMC cuts interest rate by 50 bps

  • US Fed Meeting Highlights: Jerome Powell-led FOMC reduced the policy rate by 50 bps for the first time in four years after leaving the benchmark rate elevated at the 23-year high mark for eight consecutive meetings since July 2023.

Nikita Prasad, Ankit Gohel
Updated19 Sep 2024, 10:23 AM IST
US Fed Meeting Highlights: US Fed chair Jerome Powell-led FOMC reduced the policy rate by 50 bps for the first time since 2020
US Fed Meeting Highlights: US Fed chair Jerome Powell-led FOMC reduced the policy rate by 50 bps for the first time since 2020(Photo: AFP)

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First Published:19 Sep 2024, 10:23 AM IST
Business NewsEconomyUS Fed Meeting Highlights: Sensex, Nifty 50 at record highs after Powell-led FOMC cuts interest rate by 50 bps

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