Dear Readers,
There were wide range of expectations on the US FED announcements.
All the markets were reacted so wildly on the expectations on this.
The global stock markets had more volatility towards this.
As widely expected, the US Federal Federal Reserve (FED) announced cuts 25 basis points.
This was announced by its Chairman, Jerome Powell.
The key take aways of his speech is follows:
- And this was widely expected by all sections of the society as this being the final meeting of the Present US Government as well.
- While hinted at few more cuts in 2025, he also hinted his concern on the growing inflation.
- Jerome Powell in his speech said that US will grow by 2.5% in this year and 2.1% in 2025.
- The major concern in the coming years is the higher inflation prospects is a worry some aspect.
- The unemployment rate will come down.
Based on all the factors, the FED chairman hinted out that the FED will have a cautious approach on this.
It would be more interesting at this situation, how the forthcoming Donald Trumps Government would focus on the key plans of tax cuts, immigration control measures at this inflation prospects?
This will highly reflect in the markets as well.
The global crypto market cap is also shed 5.01% and currently being valued at $3.5 Trillion.
Let's wait and watch!
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