“Breaking: Fed Holds Steady! Powell-Led FOMC Maintains Key Rates, Markets React”

The US Federal Reserve just had a meeting to decide on interest rates. They decided to keep the rates unchanged at 5.25% to 5.50%, which is what many people expected. This is the fifth time in a row they’ve kept rates the same.

Despite inflation being higher than usual, the Fed said they plan to lower rates three times this year. They want to be more sure that inflation will come down before they lower rates.

The Fed also expects the economy to grow faster this year compared to what they thought before. However, they think prices will keep going up, especially for things like food and energy.

Since March 2022, the Fed has increased rates by 5.25% in response to rising prices, but they haven’t changed rates since July 2023.

  1. #Mumbai
  2. #Delhi
  3. #Bangalore
  4. #Kolkata
  5. #Chennai
  6. #Hyderabad
  7. #Pune
  8. #Ahmedabad
  9. #Jaipur
  10. #Surat
  11. #Lucknow
  12. #Kanpur
  13. #Nagpur
  14. #Patna
  15. #Indore
  16. #Thane
  17. #Bhopal
  18. #Visakhapatnam
  19. #Vadodara
  20. #Firozabad

Leave a comment

Your email address will not be published. Required fields are marked *

× Chat with Us