The US Federal Reserve (Fed, central bank) began its two-day monetary policy meeting on Tuesday, during which it should moderate interest rate increases after positive inflation data in the United States.
It will also publish its updated forecasts for US GDP growth, inflation and unemployment.
The meeting of the monetary policy committee (FOMC) “started at 10:00 (15:00 GMT) as scheduled”, a Fed spokesman told AFP.
The meeting will end on Wednesday at half-time. The final statement will be published at 2:00 p.m. local time in Washington (7:00 p.m. GMT), before the usual press conference of the president of the fedJerome Powell, 30 minutes later.
The market expects a half percentage point rise in the reference rate, after four strong 0.75 point hikes.
The Fed raises its rates to make credit more expensive, and thus lower the pressure of spending and investment on prices.
This Tuesday it was learned that inflation moderated more than expected in November in the United States, good news for consumers and for the central bank.
Inflation in November was 7.1% at 12 months from 7.7% in October, according to the CPI consumer price index released Tuesday. It is a minimum since December 2021. The fed points to 2% inflation.
Source: AFP
Source: Gestion
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