The US Federal Reserve decided on June 17 to maintain interest rates at 3.50%–3.75%. The decision resulted from a unanimous vote by the FOMC.

According to the FOMC’s statement, “productivity and capital investment remain strong, while job gains are keeping pace with the labor force.”

Regarding the unemployment rate in the country, the FOMC noted slight changes in recent months. The Fed also confirmed that it will maintain ample reserves in the banking system, a strategy to provide liquidity.

Despite improvements in some indicators, inflation continues its upward trend and remains above the 2 % target, “driven in part by supply shocks that have raised prices in sectors such as energy.”

The committee stated that the economy “continues to show resilience, although it acknowledged that the international situation adds short-term risks.”

M.Pino

Source: finanzasdigital

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La entrada The Fed unanimously decided to keep rates in the 3.50 %–3.75 % range apareció primero en Bitfinance.

Last week, Jerome Powell chaired the Fed’s final meeting, keeping rates between 3.5 % and 3.75 %, before being replaced by Kevin Warsh at the end of the month.

In an official statement, the Federal Reserve indicated that inflation in the United States is high, adding that “developments in the Middle East are contributing to a high level of uncertainty about the economic outlook.”

State-level representatives noted that due to the conflict with Iran, the Fed is currently facing the price of oil above $100 a barrel, as well as increased fuel costs and a rising unemployment rate.

Regarding the transition after Warsh’s confirmation by the Senate, it is hoped that it will bring some calm to the problems facing the US economy.

M.Pino

Source: forbes.com.mx

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La entrada Fed leaves rates unchanged apareció primero en Bitfinance.

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

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La entrada The Fed keeps rates current without short-term cuts expectations apareció primero en Bitfinance.

A group of economists surveyed by the National Association for Business Economics in the group’s year-end forecast survey indicated that the United States will experience slight economic growth in 2026.

Likewise, the 42 specialists surveyed between the 3rd and 11th of this month predict that inflation will remain stable, although job creation will be slow.

“Respondents cite tariff impacts as the greatest downside risk to the US economic outlook, considering both the probability of occurrence and the potential impact.”

Growth could be affected or restricted by stricter immigration measures. “While increased productivity is considered the most likely factor to boost growth above forecasts.”

Inflation is expected to reach 2.9 % by year-end “and decline only slightly to 2.6 % next year, with tariffs accounting for between a quarter of a percentage point and almost three-quarters of a percentage point of that figure.”

M.Pino

Source: ambito

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La entrada Economists predict stable inflation in the United States in 2026 apareció primero en Bitfinance.

The data in the Fed minutes in the United States show the institution’s willingness to make further interest rate cuts before the end of the year.

However, “the governing body emphasized that the impact of tariffs on prices is still uncertain and that high levels of inflation could be more persistent than expected.”

During the last meeting of the Federal Open Market Committee (FOMC) members of the United States Federal Reserve (Fed), on September 17, they indicated their willingness to lower interest rates again this year, although with some fear that inflation could pick up.

The majority of participants in the meeting indicated that “it would be appropriate to further ease policy during the remainder of the year,” without neglecting the upside risks to their inflation outlook.

In the committee vote, those responsible for national monetary policy voted 11 to 1 for a 25 basis point reduction in interest rates “and leaving them in the range of 4% to 4.25%, the first cut in 2025.”

The results of last month’s meeting on macroeconomic projections left the path is open to “two more quarter-point cuts by the end of the year within their baseline scenario. However, six of the 19 participants projected one cut or none at all.”

M.Pino

Source: elconfidencial

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La entrada The Fed could implement further cuts before the end of the year          apareció primero en Bitfinance.

U.S. Federal Reserve Chairman Jerome Powell said in his Jackson Hole speech this week that rates could be lowered in mid-September if the August inflation rate doesn’t rebound.

The news came amid President Donald Trump’s pressure on the central bank, in addition to the order to fire Fed Governor Lisa Cook.

The U.S. central bank “may consider lowering interest rates at its next meeting on September 16 and 17,” taking into account the upward trend in inflation in the country.

During his speech at the Jackson Hole symposium, Powell made it clear that there is room to lower rates, as Trump has been demanding. However, he stressed that “monetary policy is restrictive. It can be relaxed within the range without ceasing to be restrictive.”

For the time being, tensions remain between the Fed and the White House, amid the decline in job creation and the implementation of Trump’s tariffs.

M.Pino

Source: ambito

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La entrada The Fed could lower rates in September apareció primero en Bitfinance.

Interest rates will remain in the 4.25 % to 4.5 % range for the coming months, Federal Reserve Chairman Jerome Powell announced last week.

The decision was made on Wednesday, June 18, in anticipation of a possible spike in inflation for the rest of the year.

Powell defended the Fed’s position, stating: “We expect significant inflation in the coming months, and we need to take that into account. […] We’ll make smarter and more informed decisions if we wait a couple of months or as long as it takes to get a sense of what the real impact of this inflation will be and what the effects on spending and hiring will be.”

The Fed chairman insisted that the country is prepared to respond to potential macroeconomic disruptions.

M.Pino

Source: pressdigital

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La entrada The Fed decided to keep interest rates steady in anticipation of a spike in inflation apareció primero en Bitfinance.

The chairman of the US Federal Reserve (Fed), Jerome Powell, recently indicated that the organization plans to cut its workforce by 10 % by 2027.

The information was released in a memo cited last Friday by CNBC, which stated: “Experience, both here and elsewhere, shows that it is healthy for any organization to periodically review its staff and resources. The Federal Reserve has done so occasionally as our work, our priorities, or the external environment have changed.”

The Fed currently has a workforce of 24,000 employees; According to Powell’s announcement, 2,400 employees would be cut through 2027.

According to the note, the Fed chairman instructed that “gradual ways be found to consolidate functions where appropriate, modernize some business practices, and ensure they are adequately sized and can fulfill their statutory mission.”

Voluntary resignation programs, designed to give federal government employees “paid leave before leaving office or retiring,” could be used. These leaves are valid for three months.

M.Pino

Source: swissinfo

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La entrada The Fed will reduce its workforce by 10 % over two years apareció primero en Bitfinance.

Inflation in the United States will continue to fall, according to the predictions of Federal Reserve (Fed) Chairman Jerome Powell. The official also believes that further interest rate cuts will occur this year.

Powell stated before participating in an event of the Association for Business Economics Foundation (NABE) in Nashville (Tennessee) that “economic conditions open the way for further moderation of inflation,” adding that the labor market has remained stable.

Regarding interest rates, it is important to remember that the Fed applied a cut during its recent meeting on September 18, for the first time since 2020. This reduction was “half a percentage point, to prevent the labor market from deteriorating too quickly.

The president of the Fed foresees that if the economy evolves globally as they have calculated, “the (monetary) policy will go with the passage of time towards a more neutral orientation; that is, lower rates”.

M.Pino

Source: bancaynegocios

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La entrada Powell predicts that inflation in the United States will continue to fall apareció primero en Bitfinance.

A pilot plan to create a new digital currency platform and accelerate cross-border payments is led by the G7, the Federal Reserve and the main central banks of Europe, Korea and Japan. 40 of the world’s main banks have joined the project.

The project was named Agora. “Seven central banks in total are involved and their goal is to test whether so-called tokenized bank deposits can be used in combination with tokenized central bank currencies (CBDCs) in a faster and more advanced system.”

This pilot will focus on a wholesale CBDC, used only between banks and not by the public, with the aim of solving the “problems posed by different time zones, legal requirements, and regulatory and technical systems.”

On the list of participating banks are major lenders such as JPMorgan, HSBC, UBS and the Japanese MUFG.

The banks of the Ágora project and another called mBridge are working on the development of a CBDC aimed at these purposes, “launched in 2021 by the central banks of China, Hong Kong, Thailand and the United Arab Emirates, to which Saudi Arabia has recently joined.”

M. Pino

Source: eleconomista

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La entrada G7 leads digital currency pilot plan with participation of 40 banks worldwide apareció primero en Bitfinance.