US Fed meet outcome today: Can Powell soothe nerves of D-Street? Here’s what experts feel

January 31, 2024

The US Federal Reserve is expected to maintain the federal funds rate unchanged at the conclusion of its monetary policy meeting. Investors are focused on the Fed’s stance on quantitative tightening and its guidance on rate cuts in 2024. Recent economic data showed strength in the US economy, but the battle against inflation continues.

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Tech view: Nifty faces resistance at 23,800, short-term trend negative. How to trade on Thursday

Nifty opened positive but faced profit booking, closing at 23,519. Analysts expect support at 23,350 and resistance at 23,780, with increased volatility from geopolitical tensions.

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