• Federal Reserve’s decision: interest rate remained unchanged

Notícias do Mercado

19 junho 2014

Federal Reserve’s decision: interest rate remained unchanged

The Federal Reserve released its interest decision in Wednesday:

  • The Fed cut its monthly asset purchases by another $10 billion to $35 billion and kept the Federal Funds Target Rate between zero and 0.25 percent;
  • The Fed pointed out that interest rates will remain unchanged for a considerable time after the Fed's asset purchase program ends;
  • The Fed lowered its forecast for economic growth this year to a range of 2.1% to 2.3% from 2.8 to 3.0% previously;
  • The Fed expect its interest rate to reach 1.2% by the end of 2015 and 2.5% by the end of 2016.

Fed Chair Janet Yellen said at the press conference on Wednesday:

  • The U.S. economy will continue to expand at a moderate pace;
  • The U.S. economy is continuing to make progress towards the Fed's targets of full employment and 2% inflation.

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