The FOMC meeting and Jerome Powell’s 2:30 PM speech are set to shape US Fed expectations, with markets already pricing a 100% likelihood of a rate hold. Inflation is still near 3.3%, oil remains elevated, and job data is uneven—keeping the stance cautious. Even without a cut, Powell’s tone and forward guidance could quickly shift rate expectations.
Foreign institutional investors extended their selloff in 2026, dumping Indian equities worth Rs 17,140 crore last week and pushing April outflows to Rs 43,967 crore. The pressure is being linked to geopolitical worries and weak sector leadership, dragging domestic indices. Traders now watch the next global cues, with the US FOMC and Japan’s rate decision likely to steer the next move.
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