The US Federal Reserve (Fed) of the United States, in accordance with expectations, left the basic interest rate without changes at the level of 4.25-4.50 percent.
The Fed’s statement says that the decision to preserve the interest rate was made unanimously without changes.
The statement notes that it was decided to maintain the target rate of the rate on federal funds within 4.25-4.50 percent to support the target indicators of the bank.
According to the statement, the latest indicators indicate that economic activity continues to grow with a confident pace, the unemployment rate has been stabilized at a low level in recent months, and the working conditions in the labor market remain strong.
The statement also notes that inflation remains slightly increased.
It is noteworthy that from the text of the solution of the Fed on monetary policy, the statement is excluded that “inflation is moving to the target level of 2 percent”, which was mentioned in previous statements.