When the Fed, the US central bank, will it raise rates? The issue concerned the markets for weeks. The publication Wednesday, April 8, the minutes of the meeting of the Monetary Committee from mid-March is not likely to shed light on the true intentions of the Federal Reserve. This appears divided on the timing would be most appropriate, with the aim of not “stopping” a recovery in economic activity across the Atlantic whose strength is to be confirmed.
When the meeting of 17 and 18 March the Fed members had decided to leave them unchanged near zero, but had offered “flexibility” can meet them soon ” a meeting to another “ and more explicitly promising not to be ” patients “
Read also:. The Fed wants more “patient” before raising rates
The report shows that several members of the Monetary Committee (FOMC) estimated that the economic situation would justify a first rate hike as early as June However, other participants felt that “falling energy prices and the appreciation of the dollar could continue to weigh on short-term inflation” , leading to higher rates interest later in the year, say the minutes of the meeting.
Only two participants “suggested that the economic outlook would not allow a first rate hike before 2016″ .
The Fed officials had not yet in hand, however, during the mid-March meeting, the latest employment figures for March, published on 3 April. However, the US labor market has stagnated during this month. The United States created 126,000 jobs. To find such a low figure, it must go back to December 2013. Although the unemployment rate remained unchanged at 5.5%, it is a real drop, which has caught the economists, who had forecast the creation of 265,000 jobs
Read also:. In the United States, job creation slows
No comments:
Post a Comment