US Federal Reserve: Finally, the announcement of reduction in interest rates has been made in America. The US Federal Reserve on Wednesday announced a reduction in interest rates by 50 basis points. This decision was being awaited for 4 years. The last time the Fed Reserve reduced interest rates was in the year 2020. With this, now the hope has increased that the Reserve Bank of India (RBI) can also announce a reduction in interest rates in India during its upcoming monetary policy meeting. This big decision has been taken before the presidential election to be held in the US in November.
Interest rates in America will be between 4.75 and 5.00 percent
In the Fed Reserve meeting, 11 votes were cast in favour of this decision and 1 against it. With this, interest rates in America will be between 4.75 and 5.00 percent. Apart from this, the Fed Reserve indicated that interest rates can be reduced by half a percent more by the end of this year. By reducing interest rates, it will be easier for consumers and businesses to take loans. Banks will also have to reduce their interest rates now.
Continuous cuts are expected to continue, the figure will come to 3%
Experts are now hopeful that the Fed Reserve may continue to cut interest rates in the future. They believe that with a reduction of half a percent by the end of this year, one percent in 2025 and half a percent in 2026, the Fed Reserve will keep the interest rates in the country around 2.75 to 3.0 percent.
Fed Reserve said inflation and unemployment rate are under control
The US Central Bank Fed Reserve said that the inflation rate is heading towards 2 percent. Apart from this, the job data is giving good indications. According to the economic forecast, the unemployment rate in the country may be around 4.4 percent in the fourth quarter. Apart from this, the inflation rate is also estimated to be 2.3 percent.
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