The Federal Reserve keeps interest rates between 5.25% and 5.50%. However, everything indicates that a new increase will occur before the end of the year.
The US Federal Reserve (Fed) has one pause in interest rate increasesfollowing the 11 consecutive increases the country has implemented since March last year, although it has not made it clear whether more increases will take place before the end of the year.
“The Committee would be prepared to adjust the monetary policy stance as necessary if risks emerge that could hinder the achievement of its objectives,” the US central bank said, which has decided to keep interest rates at the same level. current range of 5.25% and 5.5%the highest level since 2001.
As explained by central bank governor Jerome Powell, “we want to see really compelling evidence that we have reached the right level (of increases). (…) We have seen progress and we appreciate it. But you know, we need to see further progress before we’re willing to finish the climbs.
Since the run of gains began in March 2022, the Fed has followed the bullish path, except last Junewhen a pause. However, in July they increased them again.
Despite Powell’s message to decide on a meeting-by-meeting basis based on the data, it is true that the Federal Reserve’s predictions they keep us waiting for another interest rate increase Before the end of the year. The next Fed meetings in this regard will take place on October 31, November 1 and December 12 and 13.
Source: EITB
I’m Wayne Wickman, a professional journalist and author for Today Times Live. My specialty is covering global news and current events, offering readers a unique perspective on the world’s most pressing issues. I’m passionate about storytelling and helping people stay informed on the goings-on of our planet.
