Federal Ford Policy Decisions: Federal Reserve Chairman Jerome Powell announced Wednesday that it had lowered 25 basis points in the major U.S. loan rate (formally known as the federal funding rate), as economists expected. After the latest policy action, inflation and ongoing uncertainty were adjusted from 4.25-4.5% to 4.25% from 4.25-4.5% to 4.25% due to weak job markets.
Dow After Fed offers broadly expected scaling
After announcing the Fed’s policy decision, the Wall Street Index is built on an intraday basis.
The Dow Jones Industrial Average (DJIA) (one of the three largest U.S. stock benchmarks) soared as much as 504.1 points, or 1.1%, to 46,262 minutes.
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Global Investors Global Investors have carefully tracked the results of the FOMC’s fifth scheduled review globally in other major economies, including India.
Here are the key points of the Fed’s long-awaited September policy statement:
The U.S. Central Bank pointed out that growth in economic activity eased in the first half of the year, with slower increase in work, lower unemployment and higher inflation.
The Fed said the focus of the FOMC is to achieve maximum employment and inflation at 2% for a long time, which is about the “instability increase” of the economic outlook.
It also said it remains “focused on both sides of the risks” to ensure maximum employment while keeping prices stable.
Looking to the future, FOMC will “The Fed notes that careful assessment of incoming data will lead to evolving prospects and risk balances. ”
It also said the group will continue to reduce its holdings in Treasury bills, agency debt and agency mortgage securities, while “a firm commitment to supporting the maximum employment and returning to inflation”.
The Fed wrote in its September 17 policy statement that its assessment will consider “a broad range of information, including readings on labor market conditions, inflationary pressures and inflation expectations, as well as financial and international developments.”
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US Central Bank’s FOMC – its panel for rates by Fed chair – Meeting eight times a year for scheduled comments and convened other meetings on financial emergencies such as the pandemic.
