Review the minutes of the FOMC meeting concluded in May By Investing.com

Review the minutes of the FOMC meeting concluded in May By Investing.com
Review the minutes of the FOMC meeting concluded in May By Investing.com

Investing.com – This Wednesday, the Federal Reserve (Fed) of the United States announced those of the Federal Open Market Committee (FOMC) held on April 30 and May 1. At this meeting, the central bank chose to leave the range of 5.25 to 5.50% unchanged, the level at which it has remained since its meeting in July 2023.

With this decision, the central institute met the expectations of the markets. In the press conference after the announcement, Fed Chairman Jerome Powell sent a message of calm by practically ruling out that there will be more rate hikes, although he insisted that the FOMC still does not have enough confidence that it will be the time to start cutting interest rates.

Investors will receive these minutes a week after it was reported that US consumer inflation moderated to 0.3% in April from 0.4% previously, falling slightly below projections of 0.4%. In its annualized rate, this indicator stood at 3.4%, in line with forecasts and also showing a decrease from 3.5% in the previous month.

Regarding the underlying indicator, the CPI also fell to 0.3% at a monthly rate, in line with expectations and falling from the previous 0.4%. In its annualized record, core consumer inflation registered a level of 3.6% in April, falling from 3.8% in March, without surprises compared to economists’ estimates.

With this panorama, investors will look for more clues in the minutes that will allow them to clarify the FOMC’s position and warn when the monetary authorities will begin to cut interest rates, which remain at their highest levels in recent years. 23 years.

Consult the minutes at this link (in English)

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