The Fed maintains interest rates unchanged and ratifies its pause in the calendar of hikes

The Fed maintains interest rates unchanged and ratifies its pause in the calendar of hikes


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The Federal Open Market Committee (FOMC) of the United States Federal Reserve (Fed) has decided to keep interest rates unchanged in a target range between 2.25% and 2.50%, thus fulfilling the expectations of the market consensus, which trusted that the entity chaired by Jerome Powell would pause in the increases in the price of money.

The Fed has ratified, after the conclave held between Wednesday and Thursday of this week that it will pause its calendar of interest rate increases, while underlining that its next decisions will be based on the most recent data .

The US labor market generated 312,000 new non-agricultural jobs during the past month of December, while the unemployment rate increased two tenths, up to 3.9% (6.3 million people). Thus, the United States closed 2018 with a total of 2.88 million more workers, as well as 288,000 fewer unemployed, according to data from the US Department of Labor.

The economy experienced an annualized growth of 3.4% in the third quarter of 2018, which represents a fall of eight tenths with respect to the immediately preceding quarter, according to the third estimate of the data published by the Economic Analysis Office of the Government of the United States. United.

On the other hand, the personal consumption expenditure price index, the preferred variable by the Fed to measure inflation, was in November, the last available data, in the 1.8% over last year. The monthly rate was 0.1% in the eleventh month of the year, one tenth less than the previous month. On the other hand, core inflation, which excludes energy and food prices given its greater volatility, also stood at 0.1%, while at an annual rate it advanced 1.9%.

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