US Federal Reserve (Fed) has opted to maintain the target range for the federal funds rate at 4.25 to 4.5 per cent, as economic indicators suggest continued solid expansion despite rising uncertainty.Insights
- US Federal Reserve has kept interest rates steady at 4.25 to 4.5 per cent, citing strong economic activity, low unemployment, and persistent inflation.
- The Fed will slow its balance sheet reduction, cutting Treasury redemptions from $25 billion to $5 billion monthly.
- Economic uncertainty has increased, and the Fed remains flexible on future adjustments.
Moody's Ratings has revised its outlook on Bangladesh's banking sector from stable to negative, citing increasing asset risks and worsening economic conditions. In a report released today, the agency highlighted several pressing concerns, including declining asset quality, persistent inflation, and slowing economic growth, all of which are expected to undermine banks' profitability and financial stability. Bangladesh’s footwear sector is set for substantial expansion, presenting lucrative investment opportunities in both leather and non-leather segments. The Bangladesh Investment Development Authority (BIDA) highlighted this potential in a recent newsletter while also acknowledging the challenges that must be addressed to sustain growth and enhance competitiveness.Liquidity crisis, inflation weigh on economy
Zakir Hossain Nayan, Convener of the Anti-Discrimination Business Forum at the Federation of Bangladesh Chambers of Commerce and Industry (FBCCI), remarked that the domestic business...
Moody’s downgrades banking outlook to negative
Footwear sector expands, but challenges persist
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