Central Bank of America gave relief, did not change the interest rates, stock market remained bright

There has been no change in interest rates from America’s central bank, the Federal Reserve. At present interest rates in America have reached the highest level in the last 22 years. The central bank Federal Reserve has also issued signals to bankers that interest rates may be cut by next year.

This is a relief news for the stock markets around the world. The Federal Reserve has announced on Wednesday that it will not increase interest rates. Let us tell you that the bankers of the Federal Reserve have indicated that these can be cut in the coming year. Stock markets around the world have got relief after this decision. It is noteworthy that the Federal Reserve has taken steps to deal with rising inflation. Due to these steps, the interest rate has been increased 11 times since March 2022. This is the reason why interest rates in America have become very high. According to the data, last summer the interest rate had reached the highest level in four decades.

America’s housing market expected to get relief

According to the Federal Reserve, interest rates may be cut more than forecasts in the next year. This reduction is likely to be up to three quarterly points. It is facing weak demand due to high mortgage parties. It is also believed that America’s voice market may get relief. The Federal Reserve says that inflation has decreased compared to last year. However, inflation still remains at a high level. The panel of officials who determine the Federal Reserve’s monetary policy has kept interest rates between 5.25 and 5.50.