Market updates and forecasts

Get the latest economic news from ForexMart, including updates on the financial market, central banks' policy announcements, financial indicators, and other relevant news which can have an impact on the industry.

Disclaimer:  Information provided here to retail and professional clients does not contain and should not be construed as containing investment advice or an investment recommendation or an offer or solicitation to engage in any transaction or strategy in financial instruments. Past performance is not a guarantee or prediction of future performance.

The Fed kept the base rate in the range of 5.25-5.5%


September, 21 2023
watermark Economic news

The US Federal Reserve System has decided to keep the key interest rate at 5.25-5.5% per annum, according to information from the Federal Open Market Operations Committee (FOMC). This decision coincided with analysts' forecasts.


Thus, the rate is now at the highest level in the last 22 years. At the same time, most Fed members predict an additional 0.25% rate increase by the end of this year.


The official FOMC report says that the US economy continues to grow steadily, despite a slight slowdown in job growth. The unemployment rate remains low, although inflation still remains at an elevated level. Core inflation in the United States is projected to be 3.7% by the end of 2023.


The Fed also stressed the stability and reliability of the US banking system, but acknowledged that the tightening of credit conditions could affect economic activity and inflation, although the exact scale of these influences is still unclear.


Among other things, the Committee stated that it will continue to carefully monitor inflation risks and will strive to achieve maximum employment and inflation at 2% in the long term. The decision to maintain the rate is part of this strategy, and the Fed will continue to evaluate additional data and their potential impact on monetary policy.


In accordance with the previously announced plan, the Federal Reserve will also continue to reduce the amount of assets on its balance sheet.


Feedback

ForexMart is authorized and regulated in various jurisdictions.

(Reg No.23071, IBC 2015) with a registered office at Shamrock Lodge, Murray Road, Kingstown, Saint Vincent and the Grenadines

Restricted Regions: the United States of America, North Korea, Sudan, Syria and some other regions.


© 2015-2024 Tradomart SV Ltd.
Top Top
Risk Warning:
Foreign exchange trading carries a high risk of losing money due to leverage and may not be suitable for all investors. Before deciding to invest your money, you should carefully consider all the features associated with Forex, as well as your investment objectives, level of experience, and risk tolerance.
Foreign exchange trading carries a high risk of losing money due to leverage and may not be suitable for all investors. Before deciding to invest your money, you should carefully consider all the features associated with Forex, as well as your investment objectives, level of experience, and risk tolerance.