Markets.News
The Federal Reserve decided to maintain interest rates at 4.25%-4.5% despite increasing pressure for reductions. Analyst Louis Navellier believes the Fed will be one of the last central banks to cut rates, still foreseeing four cuts this year. Other central banks, like the Bank of England and European Central Bank, are expected to continue reducing rates. Navellier anticipates that this global rate decline will cause money to flow back to the U.S. as its rates will be comparatively higher. He also mentioned positive developments in U.S.-China trade tensions. The Bank of England did cut rates to 4.25% as predicted. Navellier's full insights are available on Benzinga.com.