The Federal Reserve (Fed, central bank) USA As expected, it kept its rates at 5.25%-5.50% this Wednesday, and its managers point to a single interest rate cut this year.
At the end of their two-day meeting, the Monetary Policy Committee (FOMC) also revised upwards its inflation forecast for both 2024 and 2025, to 2.6% and 2.3% respectively, and reported “modest further progress” towards its target of 2% inflation.
“When considering any adjustments, the Committee will carefully monitor incoming information, outlook and balance of risks“said the US regulator after leaving rates at their highest level since 2001.
The members of the body voted unanimously to keep their reference interest rates at their highest levels in more than two decades.
The announcement suggests that policymakers remain cautious about cutting too soon, despite consumer price index data released earlier Wednesday showing a moderation in price increases.
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Those responsible for FOMC They expect a single interest rate cut, of just 0.25 percentage points, between now and the end of the year.
The economic growth forecasts remained stable at 2.1% for 2024 and 2.0% for 2025.
Source: Gestion
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