© Reuters
Investing.com – Moments ago announced that it would keep unchanged at 0.25%, untouched, as expected.
The Fed announced that it will accelerate the pace of tightening and reduce its asset purchases. It will raise the rate of reduction to 30 billion per month instead of 15 billion per month. By reducing purchases by 20 billion per month, and real estate assets by 10 billion per month.
The Fed’s report revealed that 3 of its members believe that the rate will be raised three times in the following year. In the opinion of five members that the interest will be raised only twice.
The Fed attributes higher inflation to the pandemic and its aftermath, as well as to the supply chain crisis.
The Fed sees inflation reaching 5.3% at the end of 2021, but it will decline to 2.6% in 2022, and reach 2.3% in 2023.
The US Federal Reserve said in its monetary policy statement that it is committed to using its full range of tools to support the US economy at this difficult time, thus promoting maximum employment opportunities and price stability goals.
He also announced interest rate expectations and came as follows:
Fourth quarter of the first year at 0.9
Fourth quarter of the second year at 1.6
Fourth quarter of the third year at 2.1
While the longer-term interest rate expectations came at 2.5
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Markets now
It is now trading at 1766.45, down 0.27%, while gold contracts are down 0.38%.
The American is trading at 96.8, up 0.22%.
As for Bitcoin, it is trading at 48996.8, up by 5%.
It was hurt by the dollar’s strength, and it fell to 14.7886, down by 2.8%.
It recorded $71.03 a barrel, while it recorded $74.07 a barrel.
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