United States Interest Rate Hike Likely In Next Month March- Jerome Powell
With a view to control inflation and also to prop up the economy, the U S central bank is preparing for a rate hike that can come as soon as next month,
Federal Reserve chair Jerome Powell said that he is inclined to support 25 percent basis point increase the March policy meeting.
But it said that the central bank is prepared to move more aggressively later if inflation does not debate as expected. our monetary policy has been adapting to the evolving economic environment. And it will continue to do so.
We’ve phased out our net asset purchases with inflation well above 2 percent and a strong labor market. We expect it will be appropriate to raise the target range for the federal funds rate at our meeting later this.
Meanwhile, pavilions testified before congress yesterday, saying that he’s inclined to propose and support a 25 basis point rate hike.
He also has added that the central bank is prepared to move more aggressively, raising the federal funds by about 25 basis points at one or more meetings if inflation does not come down later this year, as expected, high inflation has been one of the biggest economic challenges that the world’s largest economy.
The United States is facing, and with the rising crude prices. Inflation can, of course, go up even further.
This way fed a rate hike will try to sap money from market, but it could, of course, be bad news for countries like India as well that could see the flight of capital from its share markets and economy in gentlemen.
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