With information from AFP/EFE
The United States Federal Reserve (Fed) decided to stop the increase in interest rates for this month, which since March 2022 has been raised 10 times in a row to fight inflation.
It is worth noting that rates will remain between 5% and 5.25%, their highest value since mid-2007.
The Fed has not ruled out continuing to raise interest rates if the occasion warrants it in the coming months. “Keeping the target range stable at this meeting allows the (Federal Open Market) Committee to evaluate additional information and its implications for monetary policy,” they emphasized in a statement.
On the other hand, the Fed slightly lowered its estimate of inflation in the United States to 3.2% for 2023 and raised that of GDP to 1%.
They also noted that economic activity continued to expand at a moderate pace, in a context where job creation “has been solid” and the unemployment rate has remained low; although they are aware that inflation remains high.
Source: Larepublica
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