US Federal Reserve once again did not change the policy interest rates, it remains unchanged from July 2023

An important news for the economic world has come from America. The US central bank Federal Reserve has once again made no changes in key interest rates. Interest rates have been kept stable at 5.25% to 5.50%. According to market experts, this is not very encouraging news from a business point of view. The US Fed announced its decision on interest rates on Wednesday at midnight (12 noon) Indian time. Along with this, the US Fed has also cut the treasury redemption cap.

For investors, Wednesday's Federal Reserve decision was pretty dull. The same interest rates as in July 2023 were maintained by the authorities. On the other hand, some astute traders are thrilled about yet another significant Fed ruling. Commencing in June, the Federal Reserve has declared that it will drastically scale back its quantitative tightening initiative.

Wednesday night marked the end of the Federal Reserve's two-day Federal Open Market Committee (FOMC) meeting. The US Federal Reserve would likely maintain the current benchmark interest rate range of 5.25 percent to 5.50 percent at its sixth consecutive meeting, as the market had already priced in. Wall Street, the American stock market, had determined the same amount as well.