Washington. America’s Federal Reserve has once again cut interest rates. Federal Reserve Chairman Jerome Powell said on Wednesday that interest rates have again been cut by 0.25 points. Because of this, the interest rate in America has now ranged between 3.5 to 3.75. According to Federal Reserve Chairman Jerome Powell, the interest rate in America has become the lowest in the last three years. Powell informed that there is no possibility of further interest rate cuts by the Federal Reserve in the coming time, but indicated that interest rates may be cut again in 2026.
Along with reducing the interest rates, the Federal Reserve has also said that inflation in America may go above the fixed 2 percent. Also, after the interest rate cut, the Federal Reserve has estimated America’s GDP to increase by 2.3 percent. According to the Federal Reserve, America’s GDP may see an increase of 0.50 percent. Due to reduction in interest rates by America, American investors may come towards Indian markets. India is expected to benefit from this and its economy will gain momentum.
India is the only country in the world about which all the agencies including the World Bank and IMF say that its GDP is going to be the highest. Since the Corona period, India’s GDP has been far ahead of developed countries like America, China, Britain, Germany and Japan. India is the fifth largest economy in the world. Due to the Russia-Ukraine war, the economies of many countries including Europe and America have suffered severe shocks, but India’s economic condition has become continuously stronger. In the last quarter itself, India’s GDP was 8.2 percent. Whereas, in the previous quarter, India’s GDP was around 7.5 percent. India’s GDP can grow faster due to the Federal Reserve’s reduction in interest rates.