Fed Chairman Jerome Powell indicated this Wednesday that interest rates will remain in the 3.5 %–3.75 % range, while tempering expectations of short-term cuts.

On the other hand, the Federal Reserve noted “improvements in the U.S. economy, adopting a more cautious approach regarding possible future cuts.”

On Wednesday, January 28, the Federal Open Market Committee (FOMC) voted 10 to 2 to maintain the federal funds rate in a range of 3.5 % to 3.75 %.

In a statement released by the U.S. central bank after the meeting, officials said that job growth has remained weak, and the unemployment rate has shown some signs of stabilizing.

The Fed’s assessment of the economy points to solid growth, a departure from the moderate outlook adopted last October. The central bank’s moderate language also avoided mentioning high inflation, reinforcing the idea of ​​a more balanced economy.

M.Pino

Source: roadshow

(Reference image source: Logan Voss on Unsplash)

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