Powell told the Democratic-controlled panel that stabilizing prices was necessary to keep an economic expansion and employment growth underway.
Fed policy action will have a bearing on risk assets and global liquidity, says Amit Tripathi
NSE Nifty settled the day in the red ahead of the FOMC outcome later today
Only 10 stocks from the Nifty basket closed in the red
Both Sensex and Nifty hit fresh record highs in intra-day deals on Wednesday
The founder & managing director of Valentis Advisors says the firm expect a time-wise, as well as price correction, so that the market can absorb the gains made over the past 17 months
Analysts said equity markets across the globe are under pressure after the minutes of the recent US Federal Reserve meeting
The Fed has been buying $80 billion of Treasuries and $40 billion of mortgage-backed securities a month to help the economy heal from Covid-19 downturn
The euro staggered near a three-month low against the dollar on Wednesday after disappointing German data raised doubts about the strength of the economic recovery
Gold prices on Tuesday hit their highest in nearly three weeks, as a pullback in the dollar made bullion less expensive for holders of other currencies
The kiwi rose as much as 0.4% to a one-week high of $0.7066, briefly breaking above its 200-day moving average, before settling around $0.7055 in morning trade
Gold was hovering around an over two-month low on Wednesday as investors awaited US jobs data for further clarity on the Federal Reserve's policy stance
Gold prices slipped to a one-week low on Monday, weighed down by a bounce in the dollar and mixed signals from the US Federal Reserve
Spot gold was down 0.2% at $1,774.96 per ounce, as of 0251 GMT. US gold futures fell 0.4% to $1,776.10.
Federal Reserve officials on June 16 are expected to at least flag the pending start of talks about when and how to exit from the crisis-era policies
Gold prices fell on Wednesday for a fourth straight session, hurt by a stronger dollar as investors awaited the outcome of the U.S. Federal Reserve's latest meeting
The Fed is keen to minimize the possibility of a market disruption when it begins to reduce its $120 billion per month government bond
Spot gold was down 0.2% at $1,861.96 per ounce, as of 0224 GMT, after falling to its lowest since May 17 at $1,843.99 on Monday
The U.S. currency has been buoyed as traders closed short positions before the Fed's two-day policy-setting confab, which kicks off on Tuesday
Gold prices rose on Thursday, as the dollar weakened after the US Federal Reserve kept the interest rate unchanged and reiterated its stance to keep benchmark rates near-zero through at least 2023