US Fed delivers 3rd rate cut in a row. What does it mean for Indian equities?

The US Federal Reserve cut the federal funds rate by 25 basis points to 3.50–3.75% on December 11, marking its third consecutive reduction. While the Fed signalled only one more cut in 2026, market expectations diverge, with CME FedWatch data showing a 77% probability of two additional reductions. Uncertainty persists over the policy outlook and its global impact.