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US Fed Meeting 2024 Live: The Federal Reserve held interest rates steady for the fourth straight meeting and signaled its openness to cutting them.
US Fed Meeting 2024 Live: The Federal Reserve held interest rates steady for the fourth straight meeting and signaled its openness to cutting them.
When Fed chairman says that “we do not know where neutral rate of interest is” they are admitting that they have got the decision so wrong in past, said Jain.
MSCI's all-country world index also climbed to a fresh two-year high, closing up 0.6%, lifted by the S&P 500's sixth all-time closing high so far in January.
The upcoming US Fed meeting is expected to give cues on the timing of the interest rate cuts in the world’s largest economy, while global growth outlook appears gloomy for 2024.