[ad_1]
The Fed announced its decision on interest rates. In the first decision made after the meeting at which the “average inflation” target was announced, interest rates were unchanged.
According to specific estimates, an increase in interest rates is not expected until 2023, while interest rates will remain close to zero until the maximum level of inflation and employment is reached at 2 percent.
The Fed’s forecast of a 6.5 percent contraction in June for 2020 was revised to 3.7 percent, while its growth forecast for 2021 and 2022, which was 5 and 3.5 percent, was lowered to 4 and 3 percent, respectively.
On the unemployment side, the expectation for 2020 of 9.3 percent was reduced to 7.6, while the expectations for 2021 and 2022 were reduced by 1 point. The median long-term unemployment expectation remained at 4.1 percent.
In the Fed’s decision text, it was reiterated that the course of the US economy is a virus and asset purchases will continue at the current rate.
While there is no radical reaction in the markets after the decision, the dollar / TL remains above 7.50. The markets eyes are on Powell’s press conference and verbal cues.
HABERTURK.COM application for BREAKING NEWS,
App store
Google play
Twitter You can follow our account.
[ad_2]
