US Federal Reserve maintains interest rate after May meeting

Posted 03 May, 2018

After the yesterday's meeting, US Federal Reserve has left the benchmark rate at 1.50-1.75% per year. In addition, the regulator stated that they were sure that the recently observed inflation acceleration coming closer to the target of 2%, would be stable, which means that the June increase in interest rate is still possible.

According to the Reuters report, Open Market Committee was not confused by a slower increase in GDP and jobs, saying that the economic growth is moderate, while employment rate was generally good over the past months.

As it was commented after the meeting, the inflation came closer to the target level of 2%. The Federal Reserve unanimously voted for maintaining the rate. Meanwhile, investors were not surprised as they expected just such move.

Moreover, the regulator expressed confidence in the economic outlook, stating that capital investments into fixed capital keep rising.

The Federal Reserve expects two more revisions this year, though the majority of the board considers even three lifts, according to the news reports.

At the same time, investors mostly forecast that the Central Bank may increase the rate during the next meeting slated for mid-June.

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03 May, 2018 11:39

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