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Monday, December 11, 2023

USA. The Federal Reserve kept interest rates unchanged

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The American central bank decided to keep interest rates at the current level of 5.25 – 5.50 percent. He noted, however, that due to inflation, another rate increase of 25 basis points is possible at the end of the year.

The Fed also revised its forecast for economic growth in USA this year, which is expected to be 2.1 percent. GDPand not 1%, as was assumed in June.

Interest rates in the US

American economy is developing at a solid pace,” the Fed’s Open Market Committee (FOMC) said in a statement. The US central bank also predicts that in 2024 it will maintain interest rates at the level of 5.1 percent; in June he predicted that it would be 4.6 percent.

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Read also: Will there be further interest rate cuts? President Glapiński comments

Main photo source: PAP/EPA/SHAWN THEW

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