Fed holds rates as U.S. stagflation fears rise; will Indian stock markets feel the heat?
The US Federal Reserve has kept its benchmark policy rate unchanged at 4.25–4.50 per cent, flagging continued uncertainty from President Donald Trump’s tariff-led trade policies. The Fed maintained its “wait-and-watch” stance, warning that inflation could rise and growth may soften as the impact of tariffs filters into the economy. The central bank now forecasts GDP…