US Federal Reserve keeps interest rate, still expects no cuts in 2019

2019-06-19 18:48:20 GMT (Economies.com)
US Federal Reserve keeps interest rate, still expects no cuts in 2019

In line with expectations, the US Federal Reserve kept the interest rate in the range between 2.25% and 2.50% unchanged, and stated it did not expect a cut this year.

 

The central bank said that it expects a rate cut next year and will raised again in 2021.

 

The Federal Reserve trimmed its forecast for the personal consumption index (inflation indicator) to 1.5% this year from 1.8% in previous forecasts, which means that inflation remains below the target set by the bank at 2%.

 

The central bank kept its GDP forecast at 2.1% this year, expressing uncertainty concerns about the economy, but assured that it would closely monitor economic data for the coming period.

 

In the long run, the Federal Reserve expected the federal interest rate to reach 2.5% from a previous forecast of 2.8%.

 

The markets are looking for the press conference of the head of the central bank, Jerome Powell, to talk about the bank's monetary policy in the short term.

 
 
 
  Symbol Last Change Chg.%
1.1255
-0.0018
0.1628%
1.2496
-0.0079
0.6286%
15.409
0.191
1.255%
59.453
-0.879
1.457%
66.56
0.07
0.11%
1413.095
-2.400
0.170%
 
 
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