Federal Reserve promises rate cuts

Thursday, March 21, 2024

Federal Reserve promises rate cuts

The Federal Reserve Chair Jerome Powell in his address on Wednesday promised three interest rate cuts this year. In his speech, he spoke about confidence arising from a sustainable inflation reading, which is moving towards 2%.

Photo by Markus Winkler:

The news of promised interest rate cuts gave cheer to the market, as Indian stock indices opened higher and moved even higher. Earlier, the Dow Jones, S&P 500, and Nasdaq also hit highs.

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