"Economic activity expanded at a strong pace in the third quarter," the U.S. central bank said in a policy statement after a two-day meeting in which officials unanimously agreed to leave the benchmark overnight interest rate in the 5.25%-5.50% range where it has been since July.
India, as a result of the Fed's policy, witnessed its indices Sensex and Nifty falling 570.6 points and 159 points respectively on Thursday. Why did the Fed do this and what can Indian investors do? We explain.