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In its commitment to bring inflation to 2% this Wednesday, the Federal Reserve reported on the decision unanimously made by the officials of the Federal Open Market Committee (FOMC) regarding the rise in interest rates to 0.25% as planned for the day, this in order to place it in a range between 4.50% and 4.75%.
With this measure, the rate of increases is reduced again as it happened in December 2022. “Continuous increases in the target range will be appropriate to achieve a position that is restrictive enough so that inflation returns to 2% over time ”, highlighted the institution in its statement.
In this sense, the Federal Reserve announced that for the next decisions regarding monetary policy, it will take into consideration “the cumulative tightening, the delays with which said policy affects the economy, activity and inflation; and economic and financial developments,” he said.
Regarding the inflation indices, the Fed highlighted that inflation remains calm but is still high “recent indicators point to moderate growth in spending and production, job gains have been solid in recent months, and the rate unemployment has remained low. Inflation has calmed down a bit but remains elevated,” he added.
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