January 30, 2025 12:42 AM IST
The US Fed Meeting Live Updates: The Fed Rate is stable, the employment market is “solid” and the inflation remains a bit rising. “
The federal preparation system did not change the benchmark interest rate on Wednesday after reducing it three times in a row last year.
The Fed has reduced last year’s rate from 5.3 % to 4.3 %. In summer, employment was delayed, the unemployment rate was engraved, and the Fed authorities began to approve large -diameter half points in September. However, he hired rebound last month, slightly decreased, and dropped 4.1 %.
In a statement on Wednesday, the Fed called the employment market “solid” and pointed out that the unemployment rate was “stable at a low level in recent months.” The Fed also seemed to strengthen inflation evaluation and said, “It’s a bit rising.” Both healthy employment markets and more stubborn inflation usually mean that the Fed rate reduction in the next few months is small.
