4/27/2023 0 Comments Rbi next meetingThe information provided below about cookies also applies to these other tracking technologies. This allows our sites to recognize your device from those of other users on our sites. The other tracking technologies work similarly to cookies and place small data files on your devices or monitor your website activity to enable us to collect information about how you use our sites. What are Cookies and Other Tracking Technologies?Ī cookie is a small text file that can be stored on and accessed from your device when you visit one of our sites, to the extent you agree. This cookie policy should be read together with our Privacy Policy.īy continuing to browse or use our sites, you agree that we can store and access cookies and other tracking technologies as described in this policy. This cookie policy explains how and why cookies and other similar technologies may be stored on and accessed from your device when you use or visit websites that posts a link to this Policy (collectively, “the sites”). understands that your privacy is important to you and we are committed for being transparent about the technologies we use. Catch HIGHLIGHTS of on the Fed's second scheduled meeting of 2023, all the action in the US stock market, the comments of Jerome Powell and other US policymakers - and what to make of them, realtime interpretation and how investors are taking it all here on Zee Business' FOMC blog. Today's Fed decision comes in the middle of a turmoil in banking stocks thanks to the Credit Suisse and Silicon Valley Bank (SVB) crises that sent wild signals to global stock markets. ALSO READ: Jerome Powell promises to keep banking system safe as FOMC delivers second back-to-back 25-bps rate hike The FOMC's unanimous decision to give the key rates a hike of 25 bps comes as major central banks remain committed to fighting red-hot inflation without damaging economic growth amid fears of at least a mild recession. FOMC Meeting HIGHLIGHTS: The Fed hiked the key US interest rate by a widely-expected 25 basis points (bps) on March 22, at the end of scheduled two-day deliberations of Chiar Jerome Powell-led Federal Open Market Committee - the US central bank's all-powerful panel that decides benchmark lending rates in the world's largest economy. The latest Fed rate hike marks a second straight increase of the magnitude of 25 bps, as the central bank switched to slower raises the current cycle of rising interest rates.
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