2023-09-20 19:07:11
The Fed maintained its rates on Wednesday in the range of 5.25 to 5.50%, their highest level in 22 years, and anticipates an additional increase by the end of 2023, and sees them remaining at 5.1% in 2024, compared to 4.6% anticipated in June.
The American central bank has also doubled its growth forecast for the gross domestic product (GDP) of the United States for this year, counting on 2.1% once morest only 1.0% in June.
The American economy is “progressing at a solid pace”, noted the institution in a press release published at the end of the meeting of its monetary policy committee (FOMC), specifying that it had taken the decision unanimously.
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