📣 Key Points from the U.S. Federal Reserve Press Release
posted 14 Dec 2023
- Growth in economic activity has slowed down.
- Job gains have decelerated, yet unemployment rates remain low.
- The U.S. banking system is sound and resilient.
- Stricter financial and credit conditions for households and businesses may influence economic activity, hiring, and inflation.
- The target inflation rate of 2% remains a constant goal.
It
appears that the U.S. Federal Reserve is in a somewhat tight spot.
Inflation is more or less stagnant, and a slight increase in the
interest rate might be necessary for further reduction.
However,
increasing the rate could likely adversely affect the U.S. economy, and
it's doubtful that the government would take such a step before the
presidential elections.
The
hope is that the Fed can manage inflation with the existing rate. The
situation of gradual changes and relative stability presents a fairly
optimistic scenario. Equity and cryptocurrency markets have reacted
favorably to the Federal Reserve's recent meeting.
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