Get our news on your inbox! x

Remember me Forgot password

MercoPress, en Español

Montevideo, November 22nd 2024 - 04:46 UTC

Tag: Federal Open Market Committee

  • Thursday, March 21st 2019 - 09:40 UTC

    Fed confirms it does not expect to raise interest rates in 2019

    Jerome Powell said the Fed would continue to be “patient”, “It may be some time before the outlook for jobs and inflation calls clearly for a change in policy”

    The US Federal Reserve does not expect to raise interest rates for the rest of 2019 amid slower economic growth. After a two-day meeting, monetary policymakers voted unanimously to keep the US interest rate range between 2.25%-2.5%.

  • Thursday, June 14th 2018 - 08:13 UTC

    Fed raises basic rate to 2%; anticipates further increases amid strong economic growth

    Fed Chairman Powell announced that he will hold a press conference after every policy meeting, to give the Fed “more opportunities to explain our actions”

    The US Federal Reserve raised the benchmark lending rate on Wednesday, the second increase of the year, and signaled it will be more aggressive about rate increases this year and next amid “strong” economic growth. The unanimous vote brings the federal funds rate to a range of 1.75 to 2%, but the quarterly economic forecasts show central bankers now expect the rate to end the year at 2.4% rather than the 2.1% projected in March.