2023-06-14 16:20:15
WASHINGTON (Archyde.com) – The U.S. Federal Reserve left key rates unchanged on Wednesday, the first since March 2022, but opened the door to two more hikes of a quarter-point each by the end of the year.
The federal funds rate target therefore remains set at 5.00%-5.25%, as expected by a large majority of experts polled by Archyde.com.
“Maintaining the target range at this meeting allows the Committee to assess the additional information and its implications for monetary policy,” the U.S. central bank said in the statement announcing the decisions of its monetary policy committee. , the FOMC (Federal Open Market Committee).
The next increases “will take into account the cumulative effect of past increases, the delayed effects of its policy on economic activity and inflation and economic and financial developments”, she added.
Its new economic projections, with a “hawkish” bias, show that the median of expectations of monetary officials sees the main key rate going to 5.50%-5.75% by the end of December.
The institution’s chairman, Jerome Powell, is due to comment on the FOMC’s decisions and forecasts at a press conference from 6:30 p.m. GMT.
(Howard Schneider, French version Laetitia Volga, edited by Jean-Stéphane Brosse)
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