New Delhi, March 19 -- The US Federal Open Market Committee (FOMC) has commenced its two-day meeting, scheduled for March 18-19. The rate-setting committee is expected to keep the federal funds rate unchanged at 4.25%-4.5%.

However, they are also expected to provide hints about the future direction amid the uncertainty surrounding President Donald Trump's trade and fiscal policies. This could involve adjustments to forecasts for inflation and economic growth or indications of how frequently, if at all, they plan to further reduce interest rates.

"Markets widely anticipate that the Federal Reserve will maintain the federal funds rate at 4.25%-4.50% during its meeting starting tomorrow. While no immediate cuts are expected, investors are ...