Two major decisions yesterday: 1. Federal Reserve pauses interest rate hikes, it remains at 5.25% - 5.50% 2. FED Chair Jerome Powell said there will be no more cut in interest rates "until we have greater confidence inflation is going back to 2%" So interest rates will stay stable for a while. This is good for stabilization of global economy. I hope there won't be much slowdown or recession. We might start to see investment flowing into India. What do you think? For those who are new to this, its very important to understand Global economy, as investment decisions start from lending power. If interest rate increases, lesser loans, lower capital flows, investors will pull money out from the market. (This matters because corporations and banks take loan in size of billions for their projects) Fun fact: During 2008 recession, US lended at 0% interest rates to investors Also let me know if you like to more about economy based discussions
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