(Ticker) – As expected, the Federal Reserve has confirmed for the seventh consecutive time the US interest rates, which oscillate in a band between 0.25% and 0.50%. This was announced by the us central bank at the conclusion of the FOMC, the monetary policy committee led by Janet Yellen, who is not remodeling rates by about a year: the first and the last increase there has been in December 2015 and it was the first time since 2006 that the cost of money was increased. This decision was largely waiting, also because nobody predicted a turning point in monetary policy in November, given the imminence of the US presidential election and the uncertainty that is characterizing these last days of the electoral campaign, with the overtak ing of Trump on Clinton. The “normalization” of monetary policy, as just mentioned, a year ago, it was stopped before because of the uncertainties of the world economy, then the effect of the concerns on the outcome of the election. December should be the rate good and many people wait for a tweak upward of the rates. The step change, however, will be very gradual, as has been repeatedly clarified by the Chairman of the Fed. As to the indications of an economic nature provided by the statement of the FOMC, it is confirmed a strengthening labour market and economic activity “at a moderate pace”, weak household spending growth and inflation in a modest recovery but far from the target, also due to the effect of energy prices.
2016-11-02 20:00:02
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