💨 Abstract

The Federal Reserve held interest rates steady but indicated a potential interest rate reduction by half a percentage point by year-end. The anticipated inflation rate for the year has been revised upward to 2.7% from the previous 2.5%. The dollar's gains against the euro were pared as a result, with the euro falling 0.49% to $1.0889. The dollar index also rose by 0.35%.

Courtesy: theprint.in

Summarized by Einstein Beta 🤖