Thursday , October 6 2022

The Central Bank of the United States holds interest rates unchanged


In a brief statement after a monetary policy meeting on Thursday, interest rates reflect solid data for the US economy.

The interest rate is between 2 and 2.25 percent, but it is expected that the board meeting will be split in December.

The Central Bank describes the US economy as robust, with a healthy growth in jobs, low unemployment, solid consumer spending among ordinary Americans, and inflation close to the target of 2 percent.

Despite a trade war between the United States and several major trading partners, weaker investment in business and a slow housing market, the central bank believes the US economy is showing high endurance and durability.

The Bank estimates that there will be three increases in interest rates in 2019.

(© VNT)

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