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Delayed rate cuts & inflation: Navigating US economic landscape

26 Mar '24
60 min read
Pic: Adobe Stock
Pic: Adobe Stock

Insights

  • The US Federal Reserve is maintaining interest rates at 5.25-5.5 per cent to manage inflation and stimulate economic growth.
  • While rate cuts are planned, persistent inflation delays these, impacting various sectors, including US' textile industry.
  • The Fed aims to balance inflation control with economic stability, adjusting its economic forecasts accordingly.
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