Share

The Fed does not lift the veil on the rate hike but employment continues to improve

The Fomc left rates unchanged at 0-.25% but sounded more optimistic about the labor market which "continues to improve" - ​​No clear indication of the timing for the increase in the cost of money - The next appointment with Yellen is half September

The Fed does not lift the veil on the rate hike but employment continues to improve

No clarifying indications from the Fed on the next interest rate hike. At the end of the FOMC meeting, the American Central Bank left rates unchanged at 0-0,25% using more optimistic tones on the trend of the labor market but did not give certain indications on the timing of the increase in the cost of money expected by the end of the year. Thus the possibility of an increase already in September remains open, in the meeting of 16-17 when the president Janet Yellen is also scheduled for the usual press conference on the decisions of the FOMC. On the other hand, the Fed, in the note at the end of the meeting, indicated that the labor market "continues to improve" with the "solid" creation of jobs and unemployment "declining". As well as the residential real estate market has shown "an additional improvement". The Fed reiterated that "economic activity has continued to expand moderately in recent months." For the fifth time in a row, all the members of the FOMC voted in favor of maintaining interest rates at current levels.

comments