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Last minute: The United States Federal Reserve (Fed) announced its decision on interest rates after the meeting of the Federal Open Market Committee. The Fed did not change the policy rate as the markets expected, leaving it constant in the range of 0-0.25 percent. The Fed also did not change its asset purchases.
ABD the central bank (fed), politics He did not change the interest rate and left it unchanged between 0-0.25 percent. The Fed’s dot chart, which is unanimous and does not make a decision beyond expectations, foresees the continuation of the zero interest policy until 2023.
While the decision was made unanimously, the Fed reiterated its determination to use all means to support the US economy and stated that bond purchases will continue at the current rate.
“THE RECOVERY OF THE ECONOMY DEPENDS ON THE JOURNEY OF THE PANDEM”
In the statement made by the Fed, it was emphasized that weakening demand and low energy prices keep inflation below, the verbal orientation in supportive monetary policy continues, the pandemic poses a significant risk to the economic outlook and the recovery path of the economy depends on the course of the coronavirus pandemic.
In the statement, which stated that economic activity and employment continue to recover, it was noted that the level of the economy is below pre-pandemic levels and that the pandemic will have an impact on activity, employment and inflation in the short term. term.
“PANDEMIN HAS AN EFFECT ON INFLATION”
After the decision, Fed Chairman Powell told the meeting that he maintained that the recovery from the bottom of the economy accelerated with the reopening.
Powell said the increase in new cases is alarming. Stating that the pandemic had a serious impact on inflation, Powell said that it is not possible to fully recover until people feel safe about the epidemic.
NO CHANGE IN DOLLARS / TL AFTER THE DECISION
After the decision, there was no change in the dollar / TL front and the exchange rate was around 8.42.
