The US Federal Reserve has not changed interest rates.
The base rate remained in the 3.5-3.75% range. The central bank noted that inflation is above target, but this is primarily due to shocks to supply chains. Warsh emphasized at the press conference that nominal and real interest rates have increased significantly since the previous meeting. Warsh said that the question is how supply-side shocks affect the underlying inflationary process.
The base rate remains in the 3.5-3.75% range. The central bank noted that inflation is above target, but this is primarily due to supply chain shocks. Warsh emphasized at the press conference that nominal and real interest rates have increased significantly since the previous meeting. Warsh stated that a key question is how supply-side shocks affect the underlying inflationary process.
