US Federal Reserve
The US Federal Reserve (Fed) believes that it is not appropriate to lower the target until inflation approaches 2%, which was 2.7% annualized in March.
The US Federal Reserve (Fed) has decided to keep interest rates within the target range of 5.25% to 5.5% for the sixth time in a row. highest since January 2001, as reported by the institution this Wednesday, warning of the “lack of progress” towards its inflation target. “There has been no further progress towards the 2% inflation target in recent months,” he warned in a statement.
The Fed has warned that it does not expect it to be appropriate to reduce the target range until you have gained more confidence that inflation is moving durable towards 2%.
Last week, the Commerce Department’s Bureau of Economic Analysis reported that inflation was high 2.7% on an annual basis in the month of Marchtwo tenths more than in February.
With your decision to maintain the rates, The Fed gives the initiative to the European Central Bank (ECB) to start restrictive monetary policy in Juneafter the ‘guardian of the euro’ has declared his willingness to implement a first interest rate cut in June if the incoming figures provide no surprises.
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.
