(Teleborsa) – The: Federal Reserve leaves interest rates unchanged and reports that it will only cut them once, this year by a quarter point. The cost of money remains between 5.25% and 5.50%. Here’s what it comes down to point-landthe tables attached to the monetary policy decision;
The US central bank has revised inflation estimates upwardConsumer prices will rise to 2.6%, up from 2.4% in March. 2.3% is expected next year (2.2% of the previous estimate). The expectation of 2% inflation is confirmed for 2026.
Ill unemployment rate will be 4% at the end of this year, while the US economy is expected to grow by 2.1% this year and 2% in both 2025 and 2026.
In a statement released at the end of the two-day meeting, the Fed emphasized that inflation remains “high” and progress toward the 2% goal is “modest.”
Markets now await signals that may come from the usual and subsequent press conference Fed Chairman Jerome Powell
