The US Federal Reserve System (FRS) decided to keep the key rate unchanged at 5.25-5.5%.
Writes about this Reuters.
At the same time, the Fed “left the door open” for further increases in borrowing costs.
Also in its statement, the regulator acknowledged the unexpected strength of the American economy, but also drew attention to the tighter financial conditions facing businesses and households.
“Economic activity grew at a strong pace in the third quarter,” the US central bank said in a statement after a two-day meeting at which officials unanimously agreed to leave the benchmark overnight interest rate in the range of 5.25%-5.50%, where it is currently at. since July.
“While markets believe the Fed may stop raising rates as financial conditions themselves strengthen due to high market interest rates, data pointing to a stronger-than-expected economy and labor market keeps the prospect of another rate hike alive.
The Fed’s latest statement notes that as job growth remains “strong” and inflation remains “elevated,” the central bank continues to consider “the limit on additional policy tightening that may be appropriate to return inflation to 2% over time,” the Fed wrote. agency.
Economic truth
2023-11-01 18:45:49
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