Latest Market News Today Live Updates: Catch today’s market wrap-up! Track Nifty 50 and Sensex movements, along with top gainers and losers. See how Asian and US markets fared and which sectors led the charge (or declined). Summary: Follow Mint’s market blog for real-time updates on your favourite companies. This blog keeps you informed on all things Dalal Street and global markets.

Stock Markets Today Live Updates: Fed’s Powell says not ready yet to declare inflation fight over

In the latest update on the stock markets today, Federal Reserve Chair Jerome Powell has stated that the central bank is not yet ready to declare victory in the fight against inflation. Powell and other Fed officials have emphasized that they will not consider cutting interest rates until they are more confident that inflation is on track to return to the target of 2%.

This news comes amidst ongoing concerns about rising inflation rates, which have surged during the pandemic. Powell’s comments have implications for investors and market participants, as they indicate that the Fed will continue to closely monitor inflation data before making any decisions on interest rates.

The stock markets have been reacting to this news, with investors closely watching for any signs of how the Fed’s stance on inflation may impact market movements. Stay tuned for more updates on this developing story and its potential impact on the financial markets.