Such a decision was made unanimously by the FOMC members, and it was in line with the forecasts of most analysts and economists.
Base rates in the United States have been unchanged since last July.
The Federal Reserve’s report indicates that according to the latest data, economic activity in the country continues to strengthen confidently, jobs are growing rapidly, the unemployment rate remains low, inflation has slowed down but remains too high, and in recent months there has been a clear lack of progress in its further approach to the target range.
The report notes that a possible adjustment of base rates in the future will be considered after careful assessment of the latest statistical data, changing forecasts and the balance of risks. The leaders of the Federal Reserve do not think it makes sense to cut interest rates until there is more confidence that annual inflation in the country is steadily approaching the target of 2 percent. limits.
In March, annual inflation in the US accelerated to the highest level in six months – up to 3.5 percent, while the base annual inflation, calculated after excluding changes in the prices of food products and energy resources, did not change during the month – 3.8 percent.
