look news india
Fed did not change the interest rates, although it was expected to cut rates twice this year, but also reduced economic growth for 2025, feared to increase inflation, Fed’s decision has up to half per cent in US futures, gold rose, comes gold record high.
Will there be inflation in America too?
Fed has not made any changes in interest rates. Interest rates in the US will remain unchanged at 4.25-4.50%. Two more interest rates are expected to be cut in 2025.
What did Jerome Powell say?
There is a fear of increasing inflation in America. Committed to bring inflation rate to 2%. If inflation is not reduced then interest rates will not be reduced. The economy may grow at a slow pace. The unemployment rate is expected to increase to 4.4%. The economic growth estimate was reduced to 0.4% to 1.7%. The estimate of GDP growth for 2025 has been reduced to 1.7%. Uncertainty about economic activities increased. The effect of the tariff will appear over time.
Will the recession come in America?
There is uncertainty among the Fed officials regarding GDP. 17 out of 19 members are uninterrupted about GDP.
Gold reached the new peak
Gold prices continued to rise in the international market. Prices reached a high level of $ 3064. Rates in the US supported prices. Prices also increased due to geopolitical stress. Israel is continuing attacks on Hamas’ bases in Gaza. In 2025, prices have increased by 16% so far.
Asian market
Today, mixed business is being seen in Asian markets. The gift Nifty is trading with a gain of 105.00 points. Meanwhile, Nikkei markets are closed today. Whereas, Straits Times is showing a gain of 0.73 percent. Taiwan Bazaar is trading up 1.40 percent to 22,268.00. While Hang Seng was seen by 0.96 per cent at 24,533.39. Meanwhile, Kospi is trading 0.59 percent to 2,644.08. At the same time, Shanghai Composite is trading at 3,418.41 with a decline of 8.02 points, or 0.23 per cent.