American central bank US Fed followed the path of RBI, did not change interest rates, know what will be its effect.
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American central bank US Fed followed the path of RBI, did not change interest rates, know what will be its effect.Following the path of the Reserve Bank of India (RBI), the US central bank Federal Reserve kept interest rates unchanged at its June monetary committee meeting. The US Fed has decided to keep the interest rate unchanged at 5.25%. However, the Fed has not ruled out further hikes in view of inflation. Let us tell you that before this, interest rates were increased for 10 consecutive times, due to which the interest rate reached record high after 2007. This decision of the US central bank can be seen on the stock markets around the world. The Dow Jones sold off after the Fed’s decision. Tomorrow the effect will be seen on the Indian market as well. There can be a boom in the market.
Two more growth expected
American central bank US Fed followed the path of RBI, did not change interest rates, know what will be its effect. The Federal Reserve has kept the key interest rate unchanged at 5-5.25 per cent. The US central bank is now expected to make two 25 basis point hikes by the end of the year. Let us tell you that the US Federal Reserve did not make any change in the key interest rates after 10 consecutive hikes. The panel has unanimously decided on status quo. Banks around the world can adopt this route if Fed does not increase interest rates. In this period of recession, the increase in interest rates would have had a bad effect.
American central bank US Fed followed the path of RBI, did not change interest rates, know what will be its effect.
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