The Federal Reserve Has Decreased The Pace of Interest Rate Increase

Following a two-day meeting, the highly anticipated interest rate decision by the US central bank was announced, with the Fed slowing down the increase of interest rates as expected, implementing a 25-basis point increase.

It was indicated that the continuation of interest rate hikes would be appropriate. During a press conference after the decision, Chairman Powell stated that there is still much work to be done.

Fed's Powell says interest rate cut not necessary if the economy performs as expected.

After the Federal Reserve's decision, Chairman Jerome Powell addressed the media.

He mentioned that if the economy performs as anticipated, there will be no need to decrease interest rates this year. He added that they believe further interest rate hikes will be necessary until inflation reaches the target, but there is still much evidence needed to confirm a declining trend in inflation. Powell acknowledged that the disinflationary process has started, but it is too early to consider it a success.