New Delhi : The celebration of Christmas festival is going to start soon all over the world. Before the Christmas festival, America's central bank, the Federal Reserve, has given a wonderful gift to Americans. America's central bank, the Federal Reserve, has cut interest rates for the third time since its last meeting in 2024. This reduction is of 25 basic points. For the second consecutive time since the month of November, a reduction of 25 basis points has been seen. In the month of September, the Federal Reserve had cut the rate by 50 basis points. This simply means that in the last 4 months the Federal Reserve had reduced the total by 1 percent.
Even before becoming the President of America, there were speculations about Donald Trump that if he returns to power, the US Federal Reserve may announce a cut in interest rates. Although Donald Trump never supported cutting interest rates. In the meeting held on Wednesday, the Federal Reserve had announced the rate cut. After this announcement the interest rate has reduced from 4.50 to 4.25 percent.
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Interest rate reduced for the third consecutive time
US Federal Reserve Chairman Jerome Powell has announced a cut in interest rates by 25 basis points. After which the policy rate of the Federal Reserve has reduced from 4.50 percent to 4.25 percent. Let us inform you that the Fed has cut interest rates for the third consecutive time. The last three cuts combined have been 100 basis points i.e. about 1 percent. In the month of November, the Fed had cut the interest rate by 25 basis points and before that in the month of September by 50 basis points. These cuts become very important. It is being told that the next meeting of the US Federal Reserve is going to be held from 28 to 29 January 2025.
Dollar index ran at rocket speed
After this decision of the Federal Reserve, the dollar index is seen running faster than the speed of a rocket. The impact of the rise in the dollar index is also visible on the Indian stock market. The rupee is seen falling by 12 paise against the US dollar in early trade on Thursday. With this fall, the rupee has reached its all-time low of 85.06. After this decision of the Federal Reserve, pressure can be seen on the currency of the Indian market and other markets.
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