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Federal Reserve: US Central Bank did not change interest rates, know what will be the effect on Indian markets today?

Federal Reserve- India TV Paisa
Photo:FILE

Federal Reserve

Highlights

  • The US central bank, the Federal Reserve, has not changed interest rates.
  • The Federal Reserve said US interest rates would rise “soon”.
  • The central bank has announced that it will end its asset purchase program in early March.

The US central bank, the Federal Reserve, has not changed interest rates. The Fed left interest rates unchanged at the end of its two-day policy meeting on Wednesday. But now interest rates are expected to increase in March. According to Fed Chairman Jerome Powell’s statement today, the Federal Reserve has laid the groundwork for raising the interest rate for the first time since the Corona epidemic. According to Powell, interest rates will be changed soon.

Talking about India, due to this decision of the Fed not to increase interest rates, Indian markets can see a boom on Thursday. Let us tell you that due to the meeting of the US central bank, there was a huge fall in the stock market. On Monday, there was a big fall of 1900 points in the market. However, on Tuesday, the market closed with a gain of 500 points. But 9 lakh crores of investors were drowned in this upheaval.

interest rates will increase soon

The Federal Reserve said US interest rates would rise “soon”. With this the central bank has announced that it will end its asset purchase program in early March. The Fed, however, has not announced a date for raising interest rates. The US Central Bank’s rate-setting Federal Open Market Committee said in a policy statement, “With inflation above 2 percent and a strong labor market, the committee expects it to be appropriate to raise the target range for the federal funds rate soon.” “

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