The Federal Reserve kept the interest rates unchanged at 5.25% after 18 months of successive rises. US stock market rose as expectations that the rise in interest rates is unlikely. It seems with the intension to moderate the inflation the fed had taken this decision.
The recent fall in consumer prices were not able to control the inflationary pressure. Few reasons like Slowing Economic growth and volatility in oil prices may be forcing the fed to hold interest rates. This hold may continue until the inflationary pressure comes to control and anyway this holding is a good sign and encourages the borrowings.
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