The Federal Reserve recently held its key interest rate consistent for the third consecutive time and prepared the table for different slices to come in 2024 and then some.
With the expansion rate facilitating and the economy holding in, policymakers on the Federal Open Market Board of Trustees cast a ballot consistently to keep the benchmark short-term getting rate in a designated range between 5.25%-5.5%.
Alongside the choice to remain on hold, the board of trustee’s individuals made plans for something like three rate cuts in 2024, expecting quarter rate point increases. That is not as much as what the market had been evaluating, yet more forceful than what authorities had recently demonstrated.

Growth Drivers for Indian Retail Industry On 2024

Availability of Consumer Credit
Consumer credit in terms of consumer durable loans or credit cards, offer customers to pay the price of a product in several installments at a minimum rate of interest. As this option provides the convenience of not paying the full amount in advance, this may create demand for certain products in the retail sector.

Growth On Real Estate Industry
It will boost housing demand and give some relief to the homebuyers, when the interest rates get lower with best offers speedlay since Repo Rates have increased by more than 200 bps in last 2 years.

Luxury Goods / Holidays
Supports the shopper certainty and even assist the Luxury goods industry since they give middle-market customers more discretionary cash flow to spend. It also helps the consumer to get easy loans in planning for holiday trips.