US Federal Meeting: No Changes in Interest Rates, Indian Market Sees Boom

US Federal Meeting: The Federal Reserve in its Wednesday meeting hasn’t made any changes in the interest rates. It is the third time that the Fed has not made any major changes in the rates. Along with this, in the coming time, the Fed has also expected to cut the rate three times. 

US Federal Meeting

In this meeting, the Fed is said to be approaching its target inflation rate, which is 2%, a good sign for the foreign markets. In the meeting, it was also said that the growth rate of the US has increased from 1.4% to 2.1% and the unemployment rate is also expected to remain up to 4%. There have been improvements in the GDP figures as well. It is often seen that the central banks cut rates to boost the slow economy. Along with this, the RBI also indicated that inflation will increase.