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Podcast: MarketBuzz
Episode: Marketbuzz Podcast with Kanishka Sarkar: Gap-down opening likely tracking weak global cues after Fed rate cut
Description: Welcome to CNBC-TV18’s Marketbuzz Podcast. Here are the top developments from around the world ahead of the trading session of December 19
-The Fed has lowered rates 25 basis points as expected, but also issued a forecast that it will now cut rates only twice in 2025 compared to four given in its previous forecast.
-Fed Chair Jerome Powell said the central bank would be more cautious as it considers further adjustments to the policy rate, noting the Fed is committed to reaching its 2% inflation target.
-US markets sank overnight after the US Federal Reserve signalled fe...