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Federal Reserve maintains cautious stance on rate cuts
The Fed’s higher-for-longer rate outlook continues to influence global liquidity and emerging market valuations.
The US Federal Reserve kept interest rates unchanged, signalling that borrowing costs may remain elevated for longer due to persistent inflation. Markets are now pricing in only one rate cut by mid 2026. The policy outlook has implications for emerging markets, including currency movements and valuation pressure on Indian IT stocks amid tighter global liquidity.