The Fed kept the rate at 4.25-4.5%

Following the meeting on March 19, the US Federal Reserve maintained its base rate at 4.25-4.5% per annum. According to the regulator, the economy is showing stable growth, the unemployment rate remains low, and the labor market remains stable. Inflation is still exceeding the target, although it has slowed down.

Starting in April, the Fed will begin reducing the amount of government bonds on its balance sheet from $25 billion to $5 billion, aiming to bring inflation to 2%. At the December meeting last year, the rate was reduced by 25 bps. In January, US President Donald Trump announced the need for an immediate reduction in interest rates.

In February, the consumer price index rose by 2.8% year-on-year and by 0.2% compared to January, when the annual rate was 3%. Experts predict an acceleration of inflation due to the current import duties, which may have an impact on the country's economy.