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Mike van Dulken, head of research at Accendo Markets, said investors are feeling uneasy after the Fed highlighted “concerns about external factors such as China, market volatility and deflation derailing a [U.S.] recovery”.

But he said full us employment should be achieved “in the near future” and inflation, while still too low for comfort, should gradually move back to a 2-percent goal.

There are only two more meetings left for the Fed this year – in October and December – and it’s likely that the Fed might want to see a few more employment reports and monitor the Chinese markets before making the decision.

Over the next month the market’s “fixation is going to shift” away from Fed lift-off talk, he says, and toward figuring out how the US and global economy is doing and what the outlook is for third-quarter corporate earnings.

US Federal Reserve decided not to immediately hike interest rates, surprising many who had expected to see rate moving up in the world’s top economy after several years.

On Friday the rupee appreciated to a one-month high and bond yields fell to an over three-month low after the US Fed decided to keep interest rates unchanged in its meeting.

Asian stocks mostly rose Friday, perked by relief that the U.S. Federal Reserve held off on raising interest rates for the time being, but European markets faltered as some investors interpreted the Fed decision as a sign of economic weakness.

Higher rates could dent demand for non-interest paying bullion, while boosting the dollar. Prices jumped as much as 1.3 per cent to $US1,133.93, the highest since September 3.

At her news conference, Yellen stressed that even after the first increase from zero, interest rate policy will be “highly accommodative for quite some time”. The two-year Treasury note, which would be more heavily impacted by higher short-term interest rates, had an...

Stock markets mostly fell Friday, particularly in Europe, as investors were left in limbo following the Federal Reserve’s decision to keep US interest rates unchanged at a record low.

In a statement it issued after its meeting ended, the Fed said that while the USA job market is solid, global pressures may “restrain economic activity” and further slow inflation.

“For emerging-market central bankers, the Fed has given them some much-needed breathing room”, Jonathan Lewis, a principal at New York-based Samson Capital Advisors LLC, said.

Following the conclusion of a closely watched meeting, the Federal Reserve is keeping interest rates at record lows, citing a weak global economy, low inflation and instability in financial markets, APA reports quoting Reuters.

The dollar extended its losses against other major currencies on Friday, underscoring investors’ wariness over weakness in the global economy and markets given the Federal Reserve’s decision to keep interest rates unchanged. “Unequivocally, the Fed was on the...

In early US trading, the Dow Jones industrial average fell 10.79 points, or 0.06 per cent, to 16,729.16, the S&P 500 declined 0.2 points, or 0.01 per cent, to 1,995.11 and the Nasdaq Composite shed 8.01 points, or 0.16 percent, to 4,897.24.