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21-09-2023 10:22 AM | Source: PR Agency
US Fed keeping the rates unchanged by Mr. Mohit Ralhan , TIW Capital
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Below the Quote on US Fed keeping the rates unchanged by Mr. Mohit Ralhan, Chief Executive Officer, TIW Capital on the RBI MPC Data.
"The decision of the US Fed to keep rates unchanged is in line with market expectations. But it presented a split house in terms of future course with 12 officials expecting one more hike and 7 officials expecting no hike. So, there remains some bit of uncertainty, but it is quite likely that rate reversals will take more time than previously expected and it may not begin until September 2024. Therefore, the interest rate for the next one year will remain at an elevated level while the Fed awaits inflation to come down towards its long-term target of 2% since it is still predicting inflation to be 2.6% in 2024. The focus will now shift to economic performance during a stable but higher interest rate regime."
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