New Delhi, Sept. 19 -- The US Federal Reserve, chaired by Jerome Powell, trimmed its benchmark rate by 25 basis points (bps) on Wednesday, lowering the federal funds rate to a range of 4.00-4.25%.

This marks the first rate cut since December 2024 and signals mounting concerns over employment even as inflation pressures linger. Policymakers project another 50 bps of easing by year-end, followed by measured cuts of 25 bps each in the next two years, underscoring the Fed's tightrope walk between growth and price stability.

While the Indian markets saw only modest gains with headline indices gaining just 0.4%, the real question is whether this initial ripple will become a wave and whether it will be enough to inject the optimism needed to r...