The US central bank has highlighted that inflation has decreased over the past year and has acknowledged that in recent months there has been "more progress" in this area, but inflation remains "somewhat high."
The Federal Open Market Committee (FOMC) of the United States Federal Reserve (Fed) decided this Wednesday to maintain interest rates in the target range of 5.25% to 5.25% for the eighth consecutive meeting. 5%, at highest levels since January 2001.
In its statement, the entity has stressed that when considering any adjustment to the price of money, the Committee will carefully evaluate the incoming data, the evolution of the outlook and the balance of risks.
"The Committee does not expect it to be appropriate to reduce the target range until it has gained greater confidence that inflation is moving steadily towards 2%," he announced.
The US central bank has highlighted that inflation has decreased over the past year and has acknowledged that in recent months there has been "more progress" in this area, but inflation remains "somewhat high."
On the other hand, the institution considers that recent indicators suggest that economic activity has continued to expand at a solid pace and, although employment growth has moderated, the unemployment rate remains low.
In this way, the Committee considers that the risks to achieving its employment and inflation objectives have moved towards a better balance, although it has warned that the economic outlook is "uncertain" and remains very attentive to the risks of both inflation and employment.
GDP, UNEMPLOYMENT AND INFLATION
The economy of the world's leading power experienced annualized growth of 2.8% of its GDP in the second quarter of 2024 compared to 1.4% in the previous quarter.
Regarding the US labor market, 206,000 non-agricultural jobs were created last June, despite which unemployment increased by one tenth, to 4.1%. Thus, the US has now created jobs for 42 consecutive months.
For its part, the personal consumption expenditure price index, the Fed's preferred statistic to monitor inflation, stood at 2.5% in June, one tenth less than in the previous month. The monthly rate recorded a rebound to 0.1% from the previous stagnation.
The underlying variable closed at 2.6% year-on-year, unchanged
