India, Oct. 29 -- The sentiment in global markets remains mixed even as markets worldwide digested the decision of the Federal Open Market Committee to maintain the target range for the federal funds rate at the current level of 3.75 to 4 percent. Corporate earnings updates from tech sector majors also swayed sentiment.
Though the FOMC acknowledged that inflation remained elevated, it said it needed more information to determine the policy stance appropriate to ensure a timely return of inflation to the Committee's 2 percent goal. Markets also noted that the decision was approved by a 10 - 2 vote as 2 members preferred to raise the target range for the federal funds rate by quarter percentage point.
Sentiment remains cautious ahead of the...