<\/p>\n
The US Federal Reserve, in its meeting that concluded moments ago, decided by a majority vote to keep interest rates unchanged at 4.75%, as expected, for the second consecutive meeting in 2026. Member Stephen Miran favored a quarter-point rate cut.<\/p>\n
The Fed members raised their economic growth forecasts for this year, now projecting growth at 2.4%, up from 2.3% in the December forecast. They also raised their forecast for next year to 2.3%, up from 2.0% in the December forecast, and increased the 2027 growth forecast to 2.1%, up from 1.9%.<\/p>\n
The Federal Reserve’s consumer spending (PCE) inflation gauge, its preferred inflation measure, was revised upwards. Fed members now expect the index to reach 2.7% this year, up from 2.4% in December’s forecast. The forecast for next year was also raised to 2.2% from 2.1%, while the 2027 forecast remained unchanged at 2.0%. Core inflation forecasts were also revised upwards compared to December’s projections, now at 2.7% this year, 2.2% next year, and 2% in 2027.<\/p>\n
In its DETROIT report, the Fed maintained its projections for future US interest rates, unchanged from December, with one rate cut expected this year and another in 2027.<\/p>\n
The statement indicated that the committee will continue to monitor and analyze incoming economic data and is prepared to adjust its monetary policy stance as needed.<\/p>\n
Markets are now awaiting the press conference with Federal Reserve Chairman Jerome Powell, scheduled for less than half an hour, where he will answer questions from reporters.<\/p>\n
<\/p>","protected":false},"excerpt":{"rendered":"
The US Federal Reserve, in its meeting that concluded moments ago, decided by a majority vote to keep interest rates unchanged at 4.75%, as expected, for the second consecutive meeting in 2026. Member Stephen Miran favored a quarter-point rate cut. The Fed members raised their economic growth forecasts for this year, now projecting growth at […]<\/p>\n","protected":false},"author":1,"featured_media":3253,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"nf_dc_page":"","footnotes":""},"categories":[1],"tags":[],"class_list":["post-9094","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-currency-markets"],"acf":[],"yoast_head":"\n