US Fed Meeting LIVE Updates: The US Federal Reserve concludes its two-day monetary policy meeting today (October 29), with markets widely expecting a 25 basis point interest rate cut, which would bring the policy rate to the 3.75%–4.00% range. The S&P 500 has rallied over 5% in the last two-and-a-half weeks, buoyed by expectations of a rate cut that would inject more liquidity into the system. However, the decision comes amid a stark policy divide within the Fed.
