India, March 20 -- Sentiment remains mixed as the Fed's latest guidance on rates and the outlook on the economy were assimilated by markets.
The Federal Reserve lowered the GDP growth projection and raised the unemployment rate projection for 2025. Though the PCE inflation as well as its core component are both seen higher in 2025 than what the Fed had projected in December, the Fed expects the spike in inflation to be transitory. The Fed has not revised its projection of the federal funds rate.
Wall Street Futures are trading in negative territory. European benchmarks are trading with heavy losses. Asian markets finished trading on a mixed note.
The Dollar Index extended gains after the Fed's decision. Bond yields mostly eased. Crude oi...