The Federal Reserve has cut interest rates by 0.50 percent.
The Federal Reserve, the central bank of the United States, the world’s largest economy, has shocked the entire world by cutting interest rates by 50 basis points. After which the total interest rates in the United States have dropped to 5 percent. The Federal Reserve has cut interest rates after 4 years. According to experts, the American Central Bank’s fight against inflation is in a way over. After the American Central Bank, central banks of other countries in the world will also consider cutting interest rates. However, the US Federal Reserve was expected to cut the interest rate by 0.25 percent.
Following the decision of the Federal Reserve, the US stock market is experiencing a boom. Dow Jones, Nasdaq and S&P500 are experiencing an increase. On the other hand, the dollar index is recording a drop of 0.50 percent and is trading at 100.39. The effect of which is visible on the gold prices on the international market.
