The Hindu Editorial Analysis : 21st September 2023

The Hindu Editorial Analysis

The Importance of Reading The Hindu Editorial: Reading The Hindu newspaper has several benefits, including improving reading skills, facilitating comprehension, staying informed of current events, enhancing essay writing, and more. For individuals aiming for a career in banking, reading editorials is crucial for vocabulary building. In this article, we will examine today’s editorials, provide practice questions, and highlight important vocabulary words.

The Hindu is now synonymous with civil services aspirants. What brought on this cult readership?

Rate hike.

  • The US Federal Reserve held interest rates steady on Wednesday but stiffened its hawkish stance, with a further rate increase projected by the end of the year and monetary policy kept significantly tighter through 2024 than previously expected.
  • As they did in June, Fed policymakers at the median still see the central bank’s benchmark overnight interest rate peaking this year in the 5.5-5.75% range-just a quarter of a percentage point above the current range.
  • But from there, the Fed’s updated quarterly projec tions show rates falling only half a percentage point in 2024 compared to the full percentage point of cuts anticipated at the meeting in June.
  • With the federal funds rate falling to 5.1% by the end of 2024 and 3.9% by the end of 2025, the central bank’s main measure of inflation is projected to drop to 3.3% by the end of this year, to 2.5% next year and to 2.2% by the end of 2025.
  • “Inflation remains elevated,” the rate-setting Federal Open Market Committee (FOMC) said in a policy statement that included projections incorporating stronger economic and job growth than prior forecasts, and keeping prospects for a “soft landing” squarely in view.
  • Financial markets had widely expected that the Fed would leave rates unchanged.
  • While investors have been banking on significant Fed rate cuts next year, the expectations are clouded by the projections showing 10 of 19 officials see the policy rate remaining above 5% through next year.

Practice Questions:

  • Inflation remains elevated,” the rate-setting Federal Open Market Committee said.Discuss
  • The central bank’s main measure of inflation is projected to drop to 3.3% by the end of this year.Discuss

Important Vocabs:

  • Unfathomable– incapable of being fully explored
  • Culpable– responsible for something bad
  • Diabolical– characteristic of the devil
  • Eventuate– occur as a result
  • Whimsy– playfully quaint or fanciful behavior

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