Federal Reserve policy committee members need to see inflation fall further before they move to cut interest rates again, minutes from their December meeting showed.

Directors at two-thirds of the Federal Reserve's regional banks voted to leave the interest rate charged to commercial banks for emergency loans unchanged ahead of last month's Fed meeting, minutes of the central bank's discount rate meetings showed on Tuesday.

Federal Reserve policymakers were split on December's rate cut decision, with multiple dissents revealing disagreements over inflation and labor risks.

The domestic futures price of silver on MCX opened the Wednesday session at Rs 2,57,211 per 1 kilogram of 999 purity, representing a decline of 0.62 percent from its previous close at Rs 2,58,811. The price of precious white metal previously peaked at Rs 2,59,322 as recorded on January 6, 2025.

The Fed's third interest rate cut of 2025 in December marked a clear pivot from fighting inflation toward supporting growth, reshaping the outlook for borrowers and savers. With that move, the path to as many as four cuts in 2026 looks plausible rather than extreme,

Precious metals kicked off the New Year on a strong note on Friday, rebounding from year-end declines as tensions between major powers and U.S. rate cut hopes boosted investor appetite for bullion. Spot gold climbed 1.

The GBP/USD pair gathers strength to around 1.3480 during the early Asian session on Friday. Expectations of the US Federal Reserve (Fed) rate cuts this year weigh on the US Dollar (USD) against the Pound Sterling (GBP).