US Stock Market Live: Futures on Wall Street erased early losses and are now trading around the flat line after the US Federal Reserve, on expected lines, left interest rates unchanged overnight. The Dow futures are 20 points lower, while the S&P 500 and Nasdaq futures are at the flat line. Goldman Sachs has raised its inflation forecast as the US Dollar continues to underperform. Watch this space for all the live updates.
US Stock Market Live: Futures on Wall Street erased early losses and are now trading around the flat line after the US Federal Reserve, on expected lines, left interest rates unchanged overnight. However, in some very firm words, Fed Chair Jerome Powell told reporters that the mandate of resolving the uncertainties around tariffs and the road ahead lies with the White House and not the Fed. The Fed Chair also said that the central Bank will not be rushed to cut interest rates and policy stance will change only once more clarity emerges on the direction of the economy. The Dow futures are 20 points lower, while the S&P 500 and Nasdaq futures are at the flat line. Goldman Sachs has raised its inflation forecast as the US Dollar continues to underperform. Oil prices remain above $60, while Gold saw some profit booking overnight and in early Asian trading. Watch this space for all the Live updates.