(Finance) – The Federal Reserve leaves interest rates unchanged and makes it known that it will only cut them once, this year, to the extent of a quarter of a point. The cost of money remains between 5.25% and 5.50%. This is what emerges from dot plotthe tables attached to the monetary policy decision.
The US central bank has revised inflation estimates upwards: consumer prices will rise to 2.6% above the 2.4% indicated in March. Next year is seen at 2.3% (2.2% the previous estimate). The expectation of 2% inflation is confirmed for 2026.
The unemployment rate will stand at 4% at the end of this year, while the US economy will grow 2.1% this year, as expected, and 2% in both 2025 and 2026.
The Fed underlines in the statement, released at the end of the two-day meeting, that inflation remains “high” and the progress to bring it to the 2% objective is “modest”.
The markets are now waiting for the signals that could come from the usual and subsequent press conference Fed Chairman Jerome Powell.