Rates will remain between 5.25 and 5.5%. Powell assures that if the economy develops well, there will be declines, but not at the next meeting in March.
This has been decided by the American Federal Reserve (Fed). maintain interest rates at the current pace and has progressed that, if the economy develops positively as it has so far, it will descents this year though No at the next meeting of March.
After a two-day meeting, the members of the Federal Open Market Committee (FOMC), the body responsible for deciding whether or not to raise interest rates, unanimously decided to keep interest rates within the interest rate range. 5.25% and 5.5%the highest level since 2001.
The next one will take place on March 19 and 20 and the regulator’s chairman does not expect there will be “a level of confidence” sufficient to announce a cut by then, the Fed president explained, Jerome Powell, out in a press conference.
The Fed president, who has posted “solid” growth over the past year, has a “strong” labor market and six months of “good inflation data” and “expectations of more to come.”
“This is a good situation. Let’s face it, this is a good economy,” Powell said, specifying that “better data” is not necessary, but rather “the continuation of the good figures that we have seen.”
Source: EITB
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