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Last minute: Fed announces interest rate decision


The US Federal Reserve set the policy rate unchanged in the range of 0-0.25 within expectations.

According to AA, the Fed said in a statement that the decision to keep interest rates stable was unanimous.

The Federal Open Market Committee (FOMC) aims to achieve the maximum employment and 2 percent inflation target in the long run, and the monetary policy support position is expected to be maintained until these goals are stated. reached.

The statement said the federal funding rate was decided to keep the target range between 0 and 0.25 percent.

The Fed, which has not changed its wording on the bank’s asset purchases, said the policy’s maximum employment and price stability targets are $ 120 billion, and at least $ 80 billion a month for treasury bonds and at least $. 40 billion a month for the purchase of mortgage-backed securities. It was stated that it would continue until “significant progress” was achieved.

Source: www.ahaber.com.tr

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