In this episode of 3 Point Analysis, Moneycontrol's Sakshi Batra explains the cause and effects of the rate cut by the Federal Reserve.
The US Federal Reserve has cut interest rates by 25 basis points for the first time in over a decade citing global economic slowdown and muted inflation.
Fed Chairman Jerome Powell has said that there is no immediate threat to the country's economy, and the risks are related to foreign policies. Nonetheless, the US market plunged following the Fed announcement.In this episode of 3-Point Analysis, Moneycontrol's Sakshi Batra explains the cause and effects of the rate cut by the Federal Reserve.Subscribe to Moneycontrol Pro and gain access to curated markets data, trading recommendations, equity analysis, investment ideas, insights from market gurus and much more. Get Moneycontrol PRO for 1 year at price of 3 months at 289. Use code FREEDOM.