The Central Bank of America (Fed) did not change the policy rate as expected and kept the interest rate constant at 5.25-5.5 percent. With this decision, the Fed continued to keep interest rates at the highest level in 22 years. However, he signaled that he was willing to keep the US economy under control and tighten monetary policy.
Following the two-day meeting of the Federal Open Market Committee (FOMC), abandoning the interest rate increase and maintaining the federal funds rate in the current range indicate that the Federal Reserve will continue its fight against inflation with a more careful strategy.
Following the interest rate decision, which was in line with market expectations, ounce gold fell from 1946 dollars to 1941 dollars. A sharp decline was observed in the Euro/dollar parity, from 1.07 to 1.06.
