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Fed leaves rates unchanged: inflation under observation
First decision of the Trump era: firm rates between 4.25% and 4.50%. Powell: ‘No rush to act’
The Federal Reserve has decided to keep interest rates unchanged, confirming them in the 4.25%-4.50% range. This is the first decision by the US central bank since Donald Trump returned to the White House. The Fed, in an official note, reiterated that it will continue to monitor economic developments before considering any adjustments to monetary policy.
In the statement, the Fed Committee emphasised that its future choices will depend on the analysis of economic data, the evolving outlook and the balance of risks. In addition, it reaffirmed its strategy of reducing holdings of Treasury securities, federal agency debt and mortgage-backed securities, with the aim of fostering maximum employment and bringing inflation back to the 2 per cent target.
At present, according to the central bank, the risks to employment growth and inflation containment are in balance, but uncertainties persist that require attention. The Fed pointed out that economic activity in the US continues to expand at a solid pace, with the labour market remaining strong and the unemployment rate stable at low levels. However, it admitted that inflation remains slightly elevated.
In the press conference following the meeting, Governor Jerome Powell clarified the Fed’s position: ‘There is no rush to act’ on a possible rate cut, emphasising the need for a prudent, data-driven approach before making any new monetary policy decisions.
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