Cautious Strategy
The US Federal Reserve's latest rate cut signals a nuanced approach to managing economic stability amid shifting pressures on inflation, employment, and political changes.
The US Federal Reserve's latest rate cut signals a nuanced approach to managing economic stability amid shifting pressures on inflation, employment, and political changes.
The decision by the US Federal Reserve to cut interest rates marks a pivotal moment for the global economy, signaling a shift in monetary policy after years of tightening.
The latest remarks from the US Federal Reserve Chair, Jerome Powell, mark a significant turning point in America’s monetary policy landscape.
Powell made the remarks on Friday during an economic policy forum, underscoring that inflation is "much closer" to the central bank's target of 2 per cent, Yonhap news agency reported.
The US Federal Reserve’s decision to maintain interest rates within the 5.25 per cent-5.50 per cent range and signalling only one rate cut in 2024 reveals a nuanced approach to economic management.
Clarida stated at a virtual event held by the Brookings Institution on Monday that if the unemployment rate falls to 3.8 percent from its current level of 4.6 percent by the end of 2022, the US labour market will have reached its estimation of maximum employment.
The jump comes after the central government took initiatives to compete with the ongoing slowdown in the Indian economy.
Earlier, owing to strong job data from the US had faded hope of an aggressive rate cut. Analysts said that a rate cut was positive for the emerging markets like India.
Market expects pick-up in foreign portfolio investors' inflows into domestic equities. The Fed's decision , analysts say, is positive for emerging markets such as India.
The US central bank left interest rates unchanged but opened the door for a possible rate cut in the future.
