New Delhi, Dec. 9 -- Following India's Reserve Bank of India's (RBI) surprise rate cut last week, the market has now turned to the US Federal Reserve's FOMC meeting. The two-day policy meeting on December 9-10 is expected to influence market sentiment heading into 2026.

The Fed is widely expected to announce its third straight interest rate cut at its final meeting of the year on Wednesday. According to the CME FedWatch Tool, 30-day fed-funds futures are pricing in roughly an 87% chance of a 25-basis-point reduction.

According to Akshat Garg, Head - Research & Product at Choice Wealth, with the Fed widely expected to deliver a small cut amid a divided committee, the real market driver will be Powell's message on inflation and growth rat...