The Federal Reserve Board of the United States held a gathering to resolve on financial coverage and introduced on the thirteenth that it had determined to carry off on elevating rates of interest and go away the coverage rate of interest unchanged.
This is the third consecutive assembly wherein the Fed has shunned elevating rates of interest.
At the identical time, the outlook for coverage rates of interest was introduced by the members of the assembly, and it was assumed that rates of interest could be lower three to 4 instances a yr subsequent yr, 2024.