The Fed's key rate, now pinned near zero, influences many consumer and business loans, including mortgages, credit cards and auto loans.
The MSCI global stock index was flat at 735.13 points, just over 3% below a lifetime high last month
US inflation's so persistent that US policymakers do not consider it as 'transitory'. Will the US Fed become the first major global central bank to hasten tapering of its asset purchase programme?
Higher US rates would impact flows into emerging markets like India
Data later in day on US factory gate inflation may cement expectations Fed will announce an accelerated tapering of stimulus, allowing it to wrap up bond-buying around March, proceed with rate hikes
Macro-economic domestic inflation data points coupled with FIIs' flow direction and the rate decision of the US Fed will determine the key equity indices' moves during the upcoming week
Experts said the mood turned sombre after first Omicron cases were reported on Thursday from Karnataka
The Fed pointed specifically to the crisis at real estate developer Evergrande
The US Federal Reserve said it would start its tapering later this month
The Fed announced on Wednesday a $15 billion monthly cut to its $120 billion in monthly purchases of Treasuries and mortgage-backed securities
In a widely expected move, the Fed said it would start trimming its monthly asset purchases in November with plans to end them by mid-2022
Will Fed chair Jerome Powell pull start reducing monetary supply even though GDP numbers for the September quarter were weak and inflation remains sticky?
All eyes now on US Fed meet this week, say analysts
Afghanistan parked billions of dollars in assets overseas with the U.S. Federal Reserve and other central banks in Europe
The dip in the greenback pulled the dollar index to a one-month low in Asian hours
US Federal Reserve officials broadly agreed last month central bank could start tapering asset purchases in mid-November or mid-December, according to the minutes of the Fed's recent policy meeting.
The Fed will release the minutes from its meeting last month later on Wednesday, potentially providing a catalyst for more strength in the dollar
Jalan says investor sentiment, hit by a spate of poor listings in August, shall improve as we see successful listing going ahead
Rising commodity prices, he believes, cannot sustainably derail the bullish market momentum
The major risk to Indian equities, according to him, is the arrival of a new Covid variant, which he says the country shares with the rest of the world.