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- October 13, 202617°
- BIST10012,151-0.94%
- USD49.34+0.24%
- EUR55.21-0.01%
- GOLD4,215.30+0.59%
- INTEREST37.00%-1.00
- BITCOIN83,537+2.18%
- October 13, 202617°
US Federal Reserve Holds Interest Rates Steady, Monitors Inflation Pressure
In its first meeting under new chairman Kevin Warsh, the US Federal Reserve kept the policy interest rate steady between 3.5% and 3.75%. The decision was influenced by inflation remaining above target, strong economic growth, and pressure from energy prices.
The US Federal Reserve kept the policy interest rate unchanged in its first meeting under new chairman Kevin Warsh, maintaining the rate between 3.5% and 3.75%.
According to the central bank's statement, the decision was made unanimously by all 12 members of the Federal Open Market Committee.
The statement emphasized that economic activity is growing strongly, but uncertainty has increased. Part of this uncertainty was attributed to conflicts in the Middle East.
The committee noted that inflation remains above the 2% target. This situation was linked to supply-driven price increases in some sectors, particularly rising energy costs.
The committee also reiterated its commitment to maintaining price stability. This message was interpreted as a sign that a cautious stance in monetary policy will continue.
The decision came about a month after Warsh took office. Investors see this move as potentially calming markets shaken by fluctuations in energy prices and high inflation.
The meeting followed a relatively improved mood in global markets. It was reported that the US and Iran, through Pakistan's mediation, announced a memorandum of understanding aimed at ending the war.
According to the agreement, the parties aim to begin detailed negotiations within 60 days and reach a permanent deal. According to statements by Donald Trump, the agreement is planned to be signed on Friday in Switzerland, followed by the reopening of the Strait of Hormuz.
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