Fed Cuts Rates; Powell's Job Data Doubts Fuel Debate, Boost Gold, Pressure Rupee

• The US Federal Reserve delivered its third consecutive rate cut, welcomed by global markets.
• Fed Chair Jerome Powell admitted US job data is overstated, suggesting true job growth might be negative, hinting at a shift towards a more neutral policy.
• The rate cut led to gains in US equities, a fall in Treasury yields, and a slight weakening of the Dollar Index.
• Policy uncertainty is negative for emerging markets like India, potentially pressuring the Rupee and FII inflows.
• Precious metals like gold and silver are expected to benefit from lower interest rates, a softer dollar, and increased safe-haven demand.

Why It Matters: US Fed's rate cut impacts global markets, gold, and the Rupee, affecting your finances.