US FEDERAL RESERVE HOLDS INTEREST RATE IN JUNE
The US Federal Reserve (Fed) decided to leave policy interest rates unchanged at its June 2024 meeting. This decision was in line with the expectations of many analysts and market participants. By maintaining interest rates at current levels, the Fed wants to monitor the downward trend in inflation and the general health of the economy.
The Fed's decision to keep interest rates unchanged in June is considered a prudent step to reduce uncertainties in the economy. In the coming months, data on inflation and economic growth will play a key role in shaping Fed policy.
In a statement released after the meeting, Fed officials emphasized that economic growth must be sustainable and the job market must remain strong. It is reported that inflation is above the target level of 2% but has recently received some positive signals. For this reason, it is stated that the Fed has adopted a cautious approach and will act based on data regarding future interest rate increases. Also global economic conditions and relations Trade also has an impact on the Fed's decisions.
After this decision of the Fed, it is expected that the demand for risky assets will increase and a positive atmosphere will appear on the stock market. Additionally, a fixed interest rate decision could support emerging market currencies without causing major fluctuations in the value of the dollar.
