Thus, the institution again kept its monetary policy unchanged for the fourth consecutive meeting after the last 25 basis point increase in the price of money carried out in July last year. “The committee will continue to carefully evaluate incoming information, the changing environment and the balance of risks,” the central bank said. Likewise, the decision-maker indicated that it “does not expect it would be appropriate to reduce the target range until it has greater confidence that inflation is returning sustainably to 2%.”
While assessing the appropriate monetary policy stance, the committee assured that it will continue to monitor the impact of incoming data on the macroeconomic picture.
GDP, UNEMPLOYMENT AND INFLATION
According to the Bureau of Economic Analysis (BEA), the economy of the world’s leading power posted annual growth of 4.9% of GDP in the third quarter of 2023, up from 2.1% in the previous quarter. The U.S. labor market added 199,000 nonfarm payroll jobs in November, pushing unemployment down two-tenths to 3.7%, according to the Labor Department’s Bureau of Labor Statistics. Thus, the US unemployment rate again approached the low recorded in January and April, when it reached 3.4%, which was the lowest level since 1969. Meanwhile, the consumer price index for personal consumption, the Fed’s inflation-control variable of choice, was 2.6% annualized in December, the same rate as the previous month. The monthly rate recorded a rebound to 0.2% from the previous negative level of 0.1%. The benchmark closed at 2.9%, down three-tenths.
YOU ARE INTERESTED IN INVESTING
Discover the stocks with the best fundamentals to invest in and those that are currently trending upward in the stock market.
Our analytics team monitors the markets in real time and creates investment portfolios (trends, global macroeconomics and investment funds). analysis, independent reports and tools for investors to invest with professional information and analysis.
Discover it in the premium area
In investment strategies We have been helping investors make their investments profitable on a regular basis for over 19 years.
On November 17, 2024, Los Angeles will host several hours dedicated to the clichés of…
Vladimir Putin (Reuters)Russian army advanced 300 m per day on the eastern frontAs a Ukrainian…
In the human body about 37 billion cellsa number that may vary depending on individual…
Arrival winter poses a challenge for many shoe brands in this sector because, just like…
Black Friday has arrived with renewed vigor, leaving a wide selection of products with juicy…
More news More news from Real Valladolid These are notes ElDesmark players Real Valladolid in…