Fed announces interest rates will remain unchanged after talk of hike
Whose ox is to be gored?
In its statement, released at the end of its two-day March meeting, the Fed said that “global economic and financial developments continue to pose risks” and that “inflation is expected to remain low in the near term, in part because of earlier declines in energy prices”.
“Against this backdrop, the Committee decided to maintain the target range for the federal funds rate at 0.25% to 0.5%,” according to the statement.
“The stance of monetary policy remains accommodative, thereby supporting further improvement in labor market conditions and a return to 2% inflation.”
Mine, this time.
Currently, inflation is running lower than that.
People who live by wages will be favored by this planned rise.
People who rely on savings will be hurt.
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