The Monetary Policy Committee of the U.S. Federal Reserve decided today to keep unchanged the key interest rates and slightly reduce the monetary support to the U.S. economy. The Fed will reduce from January monthly volume of liquidity pumped into the U.S. economy at 75 billion dollars and can continue a reduction in the rate of asset purchases made by the next meeting if the labor market improved and inflation reverted to the target of 2% specified in a notice of the U.S. central bank.
Moreover, the Fed has revised upwards its forecast for growth in 2014 and slightly below that for unemployment.The country’s GDP will grow by 2.8% to 3.2% next year, more than the increase from 2.9% to 3.1% provided by the Fed in September, according to the predictions of the Monetary Policy Committee.
The Fed also seemed optimistic regarding employment, revising downwards its forecast for the unemployment rate in 2014 from 6.3% to 6.6% versus 6.4% to 6.8% which provided until now.
By Nicole P.