The US Federal Reserve’s 0.25% interest rate increase was expected and paved the way for India’s reserve bank to take a measured approach to policy-making, according to analysts. Edelweiss mutual fund’s Managing Director and Chief Executive Radhika Gupta said the Fed statement permitted the potential for more rate hikes, but the Indian economy currently didn’t need further increases.
Fed’s Jefferson urges patience on rates; Kashkari sees more hikes ahead
Federal Reserve Vice Chair Philip Jefferson stated that he sees no immediate need for further interest rate adjustments. He emphasized that future decisions would depend