The Federal Reserve raised its target interest rate by a quarter of a percentage point. Read the official statement here
The Committee seeks to achieve maximum employment and inflation at the rate of 2 per cent over the longer run. In support of these goals, the Committee decided to raise the target range for the federal funds rate to 4-1/2 to 4-3/4 per cent. The Committee anticipates that
ongoing increases in the target range will be appropriate in order to attain a stance of monetary policy that is sufficiently restrictive to return inflation to 2 per cent over time . In determining the extent of future increases in the target range, the Committee will take into account the cumulative tightening of monetary policy, the lags with which monetary policy affects economic activity and inflation, and economic and financial developments. In addition, the Committee will continue reducing its holdings of Treasury securities and agency debt and agency mortgage-backed securities, as described in its previously announced plans.
In assessing the appropriate stance of monetary policy, the Committee will continue to monitor the implications of incoming information for the economic outlook. The Committee would be prepared to adjust the stance of monetary policy as appropriate if risks emerge that could impede the attainment of the Committee’s goals.
Voting for the monetary policy action were Jerome H. Powell, Chair; John C. Williams, Vice Chair; Michael S. Barr; Michelle W. Bowman; Lael Brainard; Lisa D. Cook; Austan D. Goolsbee; Patrick Harker; Philip N. Jefferson; Neel Kashkari; Lorie K. Logan; and Christopher J. Waller.
المملكة العربية السعودية أحدث الأخبار, المملكة العربية السعودية عناوين
Similar News:يمكنك أيضًا قراءة قصص إخبارية مشابهة لهذه التي قمنا بجمعها من مصادر إخبارية أخرى.
Oil prices stable as market awaits Federal Reserve, OPEC decisionsBrent crude futures dipped 11 cents to $85.35 a barrel at 0949 GMT, while U.S. West Texas Intermediate crude futures rose 8 cents to $78.95
اقرأ أكثر »
U.S. Federal Reserve expected to deliver small rate hike but keep anti-inflation tiltThe expected increase would set the U.S. central bank’s benchmark overnight interest rate in the 4.50%-4.75% range, the highest since November 2007
اقرأ أكثر »
Dogecoin sharks and whales need to read this before cutting any lossesInvestors’ sentiment towards Dogecoin was at an extremely low level. DOGE circulation was also down but there are chances for a bullish turnover. A large part of crypto projects gained investors’ attention as the market turned green in the last 30 days but Dogecoin [DOGE] seemed to be struggling. Surely this is not only related […]
اقرأ أكثر »
Quebec government wants federal anti-Islamophobia adviser removed over Bill 21 commentsThe call for Amira Elghawaby\u0027s dismissal references an opinion piece on Bill 21, where she said Quebecers seem to be \u0022influenced\u0022 by anti\u002DMuslim sentiment.
اقرأ أكثر »
Quebec's Legault government wants federal anti-Islamophobia adviser removed over Bill 21 commentsThe call for Amira Elghawaby\u0027s dismissal references comments she made in a 2019 opinion piece in the Ottawa Citizen about Bill 21, where she said Quebecers…
اقرأ أكثر »
Federal Court rejects Uyghur group’s lawsuit claiming Ottawa breached UN convention - National | Globalnews.caThe judge says courts can only rule on whether the government is following existing laws and policies, instead of delving into global agreements.
اقرأ أكثر »