Attention stock market investors, decision on interest rate!!!
The US central bank has disappointed the stock market investors this time too. This time also the US Fed has not made any change in the key interest rate and has kept it unchanged at 5.25 percent to 5.50 percent. Besides, the US Central bank has also indicated slowness in progress on the inflation front. At around 12 o'clock on wednesday night, the US Fed announced its decision on interest rates. Apart from this, the US Fed has cut the treasury redemption cap.
It was expected that there would be no change in the interest rate.
The two-day Federal Open Market Committee meeting of the US central bank Federal Reserve ended late on wednesday night. It was expected that the US Fed would not make any changes in the benchmark interest rates and would keep them unchanged at 5.25 percent to 5.50 percent in the sixth consecutive meeting. This was the estimate of the American stock market i.e. Wall Street. The interest rate setting panel held its second policy meeting of the year on march 20. In this, it was voted to keep the policy rates unchanged at a 23-year high. But it said it does not expect it would be appropriate to lower the target range until it is confident that inflation is steadily moving toward two percent.
No change in interest rate from July 2023
