– The Fed maintains its rates but signals a turning point
Interest rates remain stable between 5.25% and 5.50%. In June, the Central Bank will slow down the reduction of its assets.
Published today at 8:14 p.m.
Jerome Powell, Chairman of the US Federal Reserve.
Getty Images via AFP/WIN CLAMES
The US Federal Reserve (Fed) kept rates unchanged after its latest meeting on Wednesday, citing the recent “lack of progress” on the inflation front, but announced it would start in June to reduce the volume of assets on its balance sheet more slowly.
Rates remain in the range of 5.25 to 5.50%, the American Central Bank said in a press release, announcing however that it will begin in June to slow down the pace of reduction of its assets, which signals a beginning of easing of its monetary policy.
The Chairman of the American Federal Reserve (Fed) Jerome Powell warned on Wednesday that it would undoubtedly take “more time than expected” before having confidence in the fall in inflation, implying that rates will remain high for longer.
At a press conference following a monetary meeting where the Fed decided to leave rates as they are, Mr. Powell noted, however, that it was “unlikely that the next move on rates or an increase”, monetary policy being judged “sufficiently restrictive” over time.
AFP
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