YEREVAN, January 29. /ARKA/. The U.S. Federal Open Market Committee, at its latest session, left the U.S. federal funds rate at the zero to 0.25 percent target – the record low, and this decision has been predicted by analysts, 1prime.ru reports referring to the information released by the regulator.
The regulator again expressed readiness to be patient ahead of the start of normalization of the monetary policy saying that improvement in employment rate and inflation will enhance the rate increase prospects earlier than expected.
According to the regulator, if labor market things deteriorate, the interest rate increase may be postponed.
The committee also point out improvement in economic activity in the country and the ongoing improvement at labor market due to the rising employment rate and subsiding unemployment.
The U.S. regulator keeps keeping watch on changes in inflation rate, forecasting further slowdown in the nearest future. It also expects that the indicator will come close to 2% along with improvement in the situation at labor market and weakening impacts of other factors, particularly low prices for energy carriers.
The decision was unanimously upheld by the committee members. –0–
