India, May 2 -- Mixed sentiment prevailed as markets reacted to the Fed's widely expected status quo on interest rates. Though the Fed Chair ruled out a near-term hike, markets digested with unease the Fed's acknowledgement of a lack of progress of late in its inflation combat. With inflation remaining sticky, the Fed's dependence on incoming data in the pursuit of monetary policy also dampened investor sentiment.
Wall Street Futures are trading higher. European benchmarks are trading mixed. Asian shares moved mixed. Dollar Index hovered close to the flatline. Bond yields mostly eased. Crude oil prices rebounded amidst speculation about U.S. building its strategic petroleum reserves. Gold prices moved lower. Cryptocurrencies rebounded.
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