For the third time in a row, the Fed Reserve raised the interest rate, there was an outcry in the US market

The Central Bank of America took the same decision as was expected from the Federal Reserve. The Federal Reserve has once again raised interest rates after its two-day meeting. Now the interest rates have been increased by 75 basis points to the range of 3.00-3.25%. This is the highest since the period of economic downturn. Let us tell you that in the year 2008 there was a recession in the world.

Extending further: The Fed has raised interest rates for the third time in a row. The important thing is that there are indications of further growth. The Fed Reserve defended the decision, citing inflation. With that said, the Fed Reserve remains firmly committed to bringing inflation back to its 2% objective. Let us tell you that in August the US inflation rate was 8.3 percent.

Crash in the stock market: After this decision of the Fed Reserve, the selling in the US stock market has returned. After the decision of the Fed Reserve, the US market index Dow Jones fell by about one percent or more than 220 points and came down to 30,500 points. In addition, the S&P 500 index dropped 0.7%, while the Nasdaq Composite was down 0.8%.

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Fall in Indian market too: On Wednesday, the BSE 30-share Sensex closed at 59,456.78, down 262.96 points or 0.44 per cent. During the day’s trading, it had slipped 444.34 points or 0.74 percent to 59,275.40. Similarly, the Nifty of the National Stock Exchange also closed at 17,718.35, down 97.90 points, or 0.55 percent.

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