New Delhi, July 29 -- Amid the buzz around tariff negotiations and quarterly earnings, investor attention has now shifted to the US Federal Open Market Committee (FOMC) meeting scheduled for July 29-30, even as markets widely expect interest rates to remain unchanged.

US Federal Reserve Chair Jerome Powell is expected to repeat what he has stated in several recent policy meetings - that the Fed will respond to incoming data and the evolving economic situation.

The US central bank last cut interest rates on December 18, 2024, by 25 basis points, bringing the federal funds rate to a range of 4.25 per cent to 4.50 per cent. Since then, the Fed has maintained a pause despite strong pressure from President Donald Trump to cut rates further....