US Fed pause on rate hike: What will be the impact on Indian stock market today?

The US Federal Reserve has not changed the key policy rate on Wednesday, October 28, which is in line with market expectations. This decision was taken has come against the backdrop of the impending mid-term election in the US and elevated inflation in the economy.

Kolkata: The US Fed refrained from raising the policy interest rate even as elevated inflation continued to plague the US economy. The pause in rate hike was in line with market expectations. The Federal Open Market Committee of the US Fed decided to maintain the federal funds rate at 3.75% to 4%. The pause came after the FOMC raised the rate by 25 basis points on September 16, which was the first hike since 2023.

“Economic activity is expanding at a strong pace. While uncertainty remains elevated owing, in part, to geopolitical developments, domestic........

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