FOMC Rate Decision & Statement…

By @ibtimes on

The Federal Open Market Committee decided today unanimously to leave its benchmark interest rates unchanged at the current target range between 0% and 0.25%, where the Feds signaled that the economy is improving gradually amid the moderate improvement in consumer spending and the recent improvement in housing market activity, knowing that the members of Committee decided today to continue expanding its holdings of securities as announced in November

However, the Fed signaled that economic activity remains under pressure from elevated unemployment, lower income growth, lower housing wealth, and tight credit conditions continue to weigh down on economic activity limit accordingly the enhancement of overall sectors activities.

Moreover the Feds confirmed their expectations for inflation as the Feds still believe that the ongoing slow but sure revival of the superpower will continue to weigh down on inflation since that so far prices pressures across the country remain well subdued

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