BREAKING: Federal Reserve interest rates were as they were; Indian stock market will be hit by ‘Hey’ results. Fed Rate
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Pudhari Online Desk: The Federal Reserve, America’s central bank, has decided to keep interest rates as they were. There has been no interest rate cut since the Federal Reserve aims to keep the US interest rate as low as 2 percent. On the other hand, since the unemployment rate in America has been high in the last two years, the issue of development has been taken into consideration by the Federal Reserve. Due to this decision the interest rate in America remains at 5.25-5.50%. (Fed Rate)
The United States’ central bank, the Federal Reserve, has always been a target of awakening. Had the US interest rate continued to rise in the past few months, the Federal Reserve would have raised interest rates. America currently has the highest interest rates in the last two decades. America’s inflation rate in the month of February has been recorded at an annual rate of 3.2 percent. It would have been expected that the rate would be as low as 3.1 percent.
According to Federal Reserve officials, an inflation rate of 2 percent is necessary for a strong US economy. But with the unemployment rate in the US at its highest in the last two years, the Federal Reserve may appear to be a miracle of growth defeating Mahagaivar, as Live Mint reported.
The Federal Open Market Committee of the Federal Reserve makes decisions regarding interest rates. As long as inflation does not appear to be reaching the target of 2 per cent, the committee is firm on not making any interest rate cuts.
What will be the consequences on Indian stock market? Fed Rate
The market is assuming that the Federal Reserve will not cut interest rates. But what does the Chairman of the Federal Reserve say about the economy and the future, what does he analyze, and what is the target, Prashant Tapse, vice president of equity analysis, has said.
The Federal Reserve will take a decision on interest rate hike or mid-year, hence mixed sentiments will emerge in the market. There is instability in the Indian market currently. The reasons for this are that the market prices of mead and small coffee stocks have increased, retail investment has decreased, and elections are looming, said Live Minte.
The US #FederalReserve left the key lending rates unchanged at 5.25%- 5.50% for a fifth straight meeting after a two-day Federal Open Market Committee consultation, despite signs that inflation stayed surprisingly high at the start of the year
Read here: pic.twitter.com/chhfwSbreF
— Mint (@livemint) March 20, 2024
LIVE NOW: Press conference with #FOMC Chair Powell: and
— Federal Reserve (@federalreserve) March 20, 2024
US Fed Meet Live Updates: Powell-led FOMC keeps key rates unchanged at 5.25-5.50% for 5th straight meeting
#FOMC pic.twitter.com/yxaqQ6Y9eu
— SAVATAR (@Savatarx0) March 20, 2024
Hehi Covenant
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