The Fed has kept its policy rate in the 5.25%-5.50% range for the past year
WASHINGTON – The Federal Reserve is expected to leave interest rates unchanged at the end of a two-day policy meeting on Wednesday, but also indicate that a reduction in borrowing costs could come as soon as September.
Throughout the Fed's more than two-year battle to tame inflation, which included the fastest rate hikes since the 1980s, the economy has grown faster and performed better than expected - and the most recent data suggests that is continuing. The layoffs rate also dropped. The rate at which workers are quitting jobs and the ratio of unemployed people to open positions, now at 1.2, are both roughly where they were before the COVID-19 pandemic, a fact that has led Fed officials to regard the supply of and demand for workers in the economy as roughly balanced.
The central bank's new policy statement will be released at 2 pm EDT , and Fed Chair Jerome Powell will hold a press conference half an hour later.Analysts say they expect Powell to emphasize that the Fed will remain “data-dependent” when it comes to its ultimate decision, with a larger-than-usual gap of time between now and the next meeting and more data to go along with it.
پاکستان تازہ ترین خبریں, پاکستان عنوانات
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