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United States: the Fed maintains its rates, does not yet see a reduction

2024-01-31T19:20:30.088Z

Highlights: The American central bank (Fed) maintained its main key rate on Wednesday in the range of 5.25 to 5.50%. The Fed indicated at its mid-December meeting that it planned several rate cuts in 2024. The Fed's Monetary Policy Committee (FOMC) clarified that it "does not anticipate that it will be appropriate to cut rates until it becomes more confident that inflation is falling. sustainably towards 2%” The decision was taken unanimously by the 12 voting members of the FOMC.


The American Federal Reserve does not intend to reduce rates “until it is more confident that inflation is falling sustainably towards 2%”.


The American central bank (Fed), as expected, maintained its main key rate on Wednesday in the range of 5.25 to 5.50% in which it has been since July, a decision taken unanimously by the 12 voting members.

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The Fed's Monetary Policy Committee (FOMC), however, clarified that it

"does not anticipate that it will be appropriate to cut rates until it becomes more confident that inflation is falling." sustainably towards 2%”

, the target level, according to the press release published at the end of its meeting.

The Fed indicated at its mid-December meeting that it planned several rate cuts in 2024.

Source: lefigaro

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