The Federal Reserve has lowered its benchmark interest rate for the first time since December, responding to a slowing labor market and economic growth. With projections for future cuts, investors are left wondering how this will impact inflation and job stability.
In a surprising move, India's central bank cut its benchmark interest rate to 5.5%, the lowest since August 2022. This decision, driven by softening inflation and lower growth, raises questions about future monetary policy as the economy adapts to global challenges.
The U.S. Federal Reserve maintains its benchmark interest rate, signaling uncertainty in the economy. With inflation remaining above target and Bitcoin fluctuating, all eyes are on Powell's upcoming remarks.
