The regulator noted stable growth rates and inflation reduction, as well as good indicators of the labor market and business activity.
The American economy is growing at a steady pace, while inflation in annual terms decreased, stated in the Federal reserve system (Fed) of the United States, which serves as the Central Bank of the country. This is stated in a statement issued on Wednesday following the meeting of the leadership of the financial regulator – the Federal Committee on open market operations.
“The information received after the meeting of the Committee held in March shows that the indicators of labor market development remain high, and economic activity is growing at a steady pace.”..> In 12-month terms, the overall level of inflation and inflation for goods not related to food and energy have decreased and are below 2%,” the document says.
The Fed, compared with the statement following the March meeting, removed the mention of low inflation associated with lower energy prices.
At the same time, the financial regulator said that it kept the rate at the current level – 2.25-2.5%. In March, the Fed informed that it is not going to raise the rate this year and 2021. It plans to do it only once in 2020.