Fed Leaves Rates Unchanged Amid Lack Of Progress On Inflation

RTTNews | 202 ngày trước

(RTTNews) - Citing a lack of further progress toward its 2 percent inflation objective in recent months, the Federal Reserve on Wednesday announced its widely expected decision to leave interest rates unchanged.

The Fed said it decided to maintain the target range for the federal funds rate at 5.25 to 5.50 percent in supports of its dual goals of maximum employment and inflation at the rate of 2 percent over the longer run.

Members of the Fed also reiterated they need "greater confidence" inflation is moving sustainably toward 2 percent before they consider cutting interest rates.

Meanwhile, the Fed said it would continue reducing its holdings of Treasury securities and agency debt and agency mortgage-backed securities but revealed plans to slow the pace of decline.

The central bank said would slow the pace of decline of its securities holdings by reducing the monthly redemption cap on Treasury securities from $60 billion to $25 billion.

The monthly redemption cap on agency debt and agency mortgage-backed securities will be maintained at $35 billion, and the Fed will reinvest any principal payments in excess of this cap into Treasury securities.

The Fed's next monetary policy meeting is scheduled for June 11-12, with the central bank likely to leave rates unchanged once again.

The June meeting had previously been seen as a likely target for a rate cut, but the probability has fallen dramatically following recent data showing sticky inflation.

According to CME Group's FedWatch Tool, the chance of a rate cut in June have plunged to only 7.3 percent compared to 56.8 percent just one month ago.

Thẻ: USD

U.S. Housing Starts Tumble 3.1% In October, More Than Expected

New residential construction in the U.S. tumbled by more than expected in the month of October, according to a report released by the Commerce Department on Tuesday. The report said housing starts dove by 3.1 percent to an annual rate of 1.311 million in October after slumping by 1.9 percent to a revised rate of 1.353 million in September.

RTTNews | 1 ngày trước

U.S. Housing Starts Tumble More Than Expected In October

New residential construction in the U.S. tumbled by more than expected in the month of October, according to a report released by the Commerce Department on Tuesday.

RTTNews | 1 ngày trước

U.S. Homebuilder Confidence Improves Much More Than Expected In November

Homebuilder confidence in the U.S. has improved by much more than anticipated in the month of November, according to a report released by the National Association of Home Builders on Monday. The report said the NAHB/Wells Fargo Housing Market Index climbed to 46 in November after rising to 43 in October. Economists had expected the index to inch up to 44.

RTTNews | 2 ngày trước

U.S. Business Inventories Inch Up Slightly Less Than Expected In September

With a jump by retail inventories partly offset by dips by manufacturing and wholesale inventories, the Commerce Department released a report on Friday showing U.S. business inventories crept up by slightly less than expected in the month of September. The Commerce Department said business inventories inched up by 0.1 percent in September after climbing by 0.3 percent in August.

RTTNews | 5 ngày trước

U.S. Industrial Production Falls 0.3% In October As Boeing Strike, Hurricanes Continue To Weigh

With the effects of recent hurricanes and the since-resolved strike at Boeing (BA) continuing to weigh on growth, the Federal Reserve released a report on Friday showing U.S. industrial production decreased in line with economist estimates in the month of October.

RTTNews | 5 ngày trước

New York Manufacturing Index Soars To Nearly Three-Year High In November

A report released by the Federal Reserve Bank of New York on Friday showed regional manufacturing activity has seen a substantial turnaround in the month of November. The New York Fed said its general business conditions index skyrocketed to a positive 31.2 in November from a negative 11.9 in October, with a positive reading indicating growth.

RTTNews | 5 ngày trước

U.S. Import Prices Unexpectedly Rise 0.3% In October

The Labor Department released a report on Friday showing an unexpected increase by import prices in the U.S. in the month of October. The report said import prices rose by 0.3 percent in October after falling by 0.4 percent in September. Economists had expected import prices to edge down by 0.1 percent.

RTTNews | 5 ngày trước

U.S. Retail Sales Climb 0.4% In October, Slightly More Than Expected

Partly reflecting a jump in sales by motor vehicle and parts dealers, the Commerce Department released a report on Friday showing retail sales in the U.S. increased by slightly more than expected in the month of October. The Commerce Department said retail sales rose by 0.4 percent in October after growing by an upwardly revised 0.8 percent in September.

RTTNews | 5 ngày trước

EURUSD	1.05502	GBPUSD	1.26559	AUDUSD	0.65024
USDJPY	155.729	USDCAD	1.39944	USDCHF	0.88548