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FOMC holds a firm price, he does not see Powell any hurry on discounts

  • FOMC unanimously held interest rates unchanged at 4.25 % -4.50 %.
  • Powell said that politicians are not in a hurry to low rates.

The US Federal Reserve kept interest rates unchanged on Wednesday, while maintaining the standard lending rate in the range of 4.25 % to 4.50 %. Federal Reserve Chairman Jerome Powell confirmed that policy makers do not push for low rates.

Moreover, it is mentioned that any adjustments depend on more improvements in inflation conditions and labor market conditions. After a series of discounts in prices during the second half of 2024, feeding He is now in waiting and seeing.

Powell also noted after FOMC that in light of the ongoing economic power, there is no urgency to change monetary policy at this time. At a post -meeting press conference, the Federal Reserve Chairman said:

“With our political stance much less than it was, and the economy is still strong, we do not need to be in a hurry to control our position on politics.”

In addition, the decision to reduce boycott rates occurs when inflation remains, although it is still moderate, higher than the long target of the Federal Reserve. The FOOC Open Market Committee (FOMC) has noted that inflation had been directed sideways in the recent past and helped enhance the need for a cautious position.

The Federal Reserve after FOMC indicated that the current interest rate effects no longer provide the same level of economic control as before. Moreover, this is the first judgment of the interest rate since Donald Trump became the 47th President of the United States.

Powell and his team will undoubtedly take into account the upcoming economic measures within the Trump administration, which include trade, taxes and the organizational environment that may affect future monetary moves of technical studies.

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