The Fed announcement grabbed the market after a red opening, opening of price declines.

The announcement turned the trend, which changed its color to green. That's exactly what the central bank wanted to get there. Like the US government, the central bank is also committed to growth. Growth is the lifeblood of the modern economy, especially when the debt environment is so high. In fact, there is no logical answer to how the US, Europe and other countries of the world will repay their debt over the years, Besides growth.



It is clear to bank governors that if investors lose confidence in growth, in the better future, markets will collapse. And investors, unlike voters, don't settle for words, they respond to actions. And yesterday we did an action in the US. The central bank decided not to wait any longer, but to take immediate action. The Bank of Israel is not obliged to follow the US, our market is not exactly the coming of the huge market there. There are also quite a few risks of lowering interest rates from such a low base that it is not certain that the central bank here will be quick to take.