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The Federal reserve kept its benchmark rate unchanged at 0.25–0.5% per annum. This is stated in the communique on the results of the November meetings of the Federal open market Committee (FOMC).
As noted in the decision, in the United States continues to strengthen the labour market. The unemployment rate has not changed, however, employment growth was sustainable. In addition, there has been increasing growth in economic activity compared to the moderate rate in the first half.
The fed also said the moderate consumer spending and business investment in fixed capital has been described as weak. According to the results of the fed’s September meeting indicated significant growth in household spending.
“Inflation has increased slightly since the beginning of the year, but still below long-term target of 2%. This partly reflects the incident reducing the cost of energy and import prices, not energy-related,” — said in a press release.
The preservation of the key rate predicted by many analysts. So, the consensus forecast Bloomberg all 90 economists reiterated expectations.