Jerome Powell plays confused cop! What does Fed meeting outcome mean for Nifty bulls?

U.S. Fed Chair Jerome Powell's hawkish rate cut and slower monetary easing cycle dampened hopes for a Santa rally in global equity markets. The Dow Jones suffered its worst day in over four months, while the Sensex dropped more than 1,100 points. The market was also concerned after the Fed revised its 2025 rate cuts forecast, halving previous expectations.