U.S. Federal Reserve to reveal its decision on interest rates on Wednesday
  • 5 years ago
The U.S. Fed Reserve kicked off its two-day policy meeting...and all eyes are on what it would do with interest rates.
Ko Roon-hee reports.
Will the central bank of the United States affirm its commitment to patient monetary policy?
The Federal Open Market Committee -- the policy arm of the Fed -- will reveal its decision about interest rates on Wednesday, local time.
Many analysts expect Fed policymakers to keep the rate steady at the current 2-point-25 to 2-point-5 percent range.
According to a Reuters poll of economists taken earlier this month, over one-hundred unanimously said they expected the Fed to keep rates unchanged at its March meeting.
This is in line with Fed Chairman Jerome Powell's statement in late February.

"With inflation, we see it in muted inflation pressures, even now with the really historically low unemployment and a great recovery, an ongoing recovery, in the labor markets, we still see muted inflation pressures, and that gives us the ability to be patient with monetary policy. And that's what we're going to do."

Analysts added the Fed is expected to avoid raising rates because of weakening economic growth at home and abroad.
They also cited uncertainties stemming from U.S.-China trade negotiations and Brexit.

A separate survey of economists by Bloomberg shows...the Fed is projected press on with one more rate hike in 2019.
Since 2015,... the Fed has raised rates nine times,... and upped them four times last year alone.
Ko Roon-hee, Arirang News.

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