Indian shares are seen opening on a cautious note Wednesday as investors await a third consecutive Fed rate cut, the U.S. central bank's latest dot plot, economic projections and comments from Fed Chair Jerome Powell at the post-meeting press conference later in the day for directional cues.
Traders remain anxious about the Federal Reserve's future easing pace, given conflicting trends of a cooling job market and sticky inflation, as well as gaps in the data from the government shutdown.
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Market Analysis
May 08, 2026 15:50 ET Manufacturing and services sector survey results and labor market data from main economies were the highlight on the economics news front this week. Factory orders and jobs report dominated the news flow in the U.S. Similarly, industrial production data from German garnered attention in Europe. In Asia, purchasing managers’ survey results from China and the central bank decision from Australia were in focus.