The Fed left interest rates in the United States unchanged at 5.25-5.50 percent, the Fed said in a statement after the meeting. The Fed did not include any language on possible additional increases in US interest rates in its statement.
The decision on interest rates was in line with market expectations and was taken unanimously. In the current cycle of monetary policy tightening, the Federal Reserve has raised interest rates. A total of 525 basis points. Interest rates In the United States, these rates have reached the highest since 2007, and the pace of their increase is the highest since the early 1980s, when Paul Volcker was Chairman of the Federal Reserve.
The Federal Reserve keeps interest rates unchanged
“To achieve its objectives, the Committee has decided to maintain the target range for the federal funds rate at 5.25 percent to 5.5 percent. In considering any adjustments to the target range for the federal funds rate, the Committee will carefully evaluate emerging data, changing expectations and the balance of risks. Do not expect The Committee said it would be appropriate to lower the target range until it had greater certainty that inflation would continue to trend toward 2 percent on a sustainable basis. In addition, the Committee would “continue to reduce its holdings of Treasuries, agency debt and mortgage-backed securities, in accordance with previously announced plans.” “, a statement said after the meeting.
“In assessing the appropriate monetary policy stance, the Committee will continue to monitor the impact of the information received on the economic outlook. The Committee is prepared to adjust the monetary policy stance appropriately in the event of threats that may hinder the achievement of the Committee’s objectives. She added that the Committee will take into account in its assessments a wide range of information, including This includes readings about the situation in the labor market, inflationary pressures and inflation expectations, as well as the development of the financial and international situation.
“ambiguous” economic prospects.
“The Committee aims to achieve a maximum level of employment and inflation of 2% in the long run. The Committee estimates that the risks to achieving employment and inflation targets offset each other. The economic outlook is uncertain and the Committee continues to push. Pay special attention to inflation risks.
The next reserve meeting is scheduled for March 19-20. After the meeting the following will be presented, among others: the latest quarterly macroeconomic forecasts and a dot plot.
Main image source: Stock struggle
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