History shows that stocks tend to perform far better when rate cuts come against a background of resilient growth instead of during a sharp economic slowdown
Powell's signal of coming rate cuts completed a Fed shift that began in January when it acknowledged emerging job market risks
The move was in line with the rupee's recent underperformance as the currency has failed to gain from the dollar's broad slump
Economists see the personal consumption expenditures price index excluding food and energy - the Fed's preferred measure of underlying inflation - rising 0.2% in July for a second month
Bouts of Japanese interventions and the interest rate hike in July tripped up investors who unwound the popular carry trade, in which traders borrowed yen to finance high-yielding assets
The rupee has been a laggard in Asia, not benefitting from the increased confidence of the Fed cutting rates at each of the remaining three meetings this year
The trend of central banks following their American counterpart's lead is not always certain
Following the release of the latest US Fed minutes, the Indian markets are likely to be buoyed by indicators of at least one interest rate cut by the Fed before the year ends
On the bourses, Mphasis has rallied 26.7 per cent in the last three months, driven by expectations of interest rate cuts in the US and early signs of recovery in the US-BFS sector.
The hotly anticipated speech at the Fed's annual gathering in Jackson Hole, Wyoming, comes at a high stakes moment for the US central bank and the $27 trillion Treasury market
Bullion climbed to as high as $2,531.75 an ounce, taking this year's gain to more than 22 per cent, before giving up some of the advance
Analysts said the latest data had eased fears of slowing economic growth in the US
The trend began changing this year, and Fed officials have given increasing weight to the risks they feel they are running by keeping monetary policy too tight for too long
Investors largely expect Powell to acknowledge the case for a rate cut and will parse his words for cues
Financial markets had a turbulent start to August after a slew of softer-than-expected US economic data
Hopes of US rate cut triggers global stock market rally: The BSE Sensex rallies past the 80,000 mark, and the NSE Nifty surges atop 24,400 led by strong gains in IT and private bank shares on Friday.
All you need to know before market opens on Friday: Stronger US economic data has fueled bets on Sept rate cut; Back home, FIIs net sales near Rs 30,000 cr in Aug; 19 stocks in F&O ban period today.
Inflation and the labor market have both cooled appreciably since then, and Fed Chair Jerome Powell says policymakers think the time for cutting the policy rate is approaching
Sebi's proposed changes will significantly impact discount brokers, whose business relies heavily on retail F&O trades, Vora said in this interview
The Reserve Bank of India (RBI), too, left the benchmark repo rate unchanged at 6.5 per cent and kept the policy stance unchanged on Thursday