The federal funds rate now stands at 5.25-5.50%, the highest since 2001. The Fed’s rate decision is not surprising. Despite the recent drop in inflation in the US, it continues to remain above the central bank’s 2% target. Also, the labour market continues to remain tight.
The Fed’s commitment to price stability means the possibility of another rate hike this year is open. In fact, prior to the July meeting, the Fed dot plot projections were pencilling in two more rate hikes for 2023.
Denne historien er fra July 28, 2023-utgaven av Mint Mumbai.
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Denne historien er fra July 28, 2023-utgaven av Mint Mumbai.
Start din 7-dagers gratis prøveperiode på Magzter GOLD for å få tilgang til tusenvis av utvalgte premiumhistorier og 9000+ magasiner og aviser.
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India in economic sweet spot, inflation to moderate: Moody's
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Incentive engine to drive modern ships
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EV adoption is a marathon, not a sprint: Audi India
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India's trade gap with China soars in Apr-Oct
The country's green transition increases reliance on Chinese imports
14 nations eye India's generic drug model
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India urges $1.3 tn annual climate grant
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