The last time the Fed made a 50 bps move was back in December 2022, when the Fed brought rates back up to 4.25-4.50%.

This is the first time the Fed has reduced rates since 2020, and it has been done to address slowing economic growth and easing inflation in the US.

The Fed's decision signalled a shift towards easing monetary policy, with experts divided on its implications for the global economy, including India. Here's a detailed look at how the bigger-than-expected rate cut could impact the Indian economy and the broader market.

What does the Fed know that the rest of us don’t? Why has the rate cut sent mixed signals across the financial world, and what’s next?

The US Federal Reserve (Fed) will announce monetary policy decisions following the September policy meeting and release the revised Summary of Economic Projections (SEP), the so-called dot plot, on Wednesday.

The Dow Jones Industrial Average (DJIA) has pulled into Wednesday’s midrange near 41,500 as investors await the Federal Reserve's (Fed) first rate cut in over four years.

The S&P BSE Sensex ended 236.57 points higher at 83,184.80, while the NSE Nifty50 settled 38.25 points higher at 25,415.80. Both the indices had hit fresh all-time highs in early trade.

Donald Trump and Republicans accused the Federal Reserve of election interference after the central bank slashed interest rates.