Earlier, the US central bank (Fed) kept interest rates unchanged in the range of 5.25% to 5.50%, as expected, while forecasting cuts next year
A further rate hike by the US central bank is unlikely, but not out of the question, Fed Chairman Jerome Powell warned today at a press conference.
The Fed’s monetary policy committee “considers it unlikely that it would be appropriate to raise interest rates again, but has not ruled it out,” Powell said.
Earlier, the US central bank (Fed), as expected, kept interest rates unchanged in the range of 5.25% to 5.50%, while forecasting cuts next year, taking into account the slowdown in economic activity and stressing that inflation remains “high”. Fed officials have talked about 3 or 4 rate cuts next year, with a goal of reaching 4.6% by the end of 2024.
Recent indicators suggest that economic activity in the US slowed compared to the third quarter of the year, according to the Fed’s monetary policy committee, which highlighted in a statement that “inflation has slowed over the past year, but remains high.”
US inflation is expected to ease to 2.4% at the end of 2024, according to updated forecasts – down from 2.5% forecast at the September meeting.
Source: Skai
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