PR No – 131
1st August, 2024
New Delhi
PHDCCI appreciates status quo of federal reserve rate at 5.25%-5.5%, amidst uncertain economic outlook
The status quo stance of the federal reserve rate at 5.25%-5.5% is highly appreciable, said Mr Sanjeev Agrawal, President, PHDCCI
The US economy is on a stable growth path, given expanding economic activity, moderated job growth accompanied with slightly higher but low inflation, said Mr Sanjeev Agrawal
The status quo stance of the Fed rates is appropriate amidst uncertain economic outlook and the Fed’s dual mandate to maintain employment-inflation balance, he said
Going ahead, we expect the Fed to maintain its vigil stance and alter the rates given the inflation pressures, inflation expectations, and financial and international developments, said Mr. Agrawal
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Warm Regards,
Media Division
PHD Chamber of Commerce and Industry