PHDCCI Commends Federal Reserve’s Rate Cut for Boosting Global Economic Growth
Lowering borrowing costs by Fed, to 4.25%-4.5% from 4.5%-4.75%, will stimulate global economic activity, support businesses, and encourage consumer spending. The move is expected to enhance liquidity, stabilize financial markets, and ease pressures from ongoing global uncertainties, said Mr Hemant Jain, President, PHDCCI, in a press statement issued here today.
The Federal Reserve’s rate cut is expected to positively impact India; RBI may align with this policy, lowering repo rate to bolster investment and demand, to stimulate economic growth.
For emerging markets, the rate cut will provide a more favourable environment for investments. Developed economies are also likely to benefit, as reduced borrowing costs will foster stronger trade and economic collaborations.
Going forward, we expect the Fed to remain strongly committed to supporting a steady growth trajectory, said Mr Jain.
