The US Federal Reserve Keeps Interest Rates Unchanged At 0-0.25%.
Beijing foreign exchange news morning on June 23rd morning, the Federal Reserve announced that the benchmark interest rate remained unchanged at 0-0.25%, and maintained an abnormal low interest rate for some time.
The resolution was voted unanimously by the members.
After the interest rate decision, the Fed reiterated the purchase of US $600 billion long term US bonds before the end of June, and will regularly review the size and composition of the securities positions held by us, so as to make adjustments under appropriate circumstances.
Federal Reserve
The US employment market is weaker than expected, but it may slow down the pace of recovery because it may be temporary.
They expect the unemployment rate to gradually move closer to the Fed's target level.
They think inflation has risen in recent months, but with commodities and
Energy price
Inflation will ease and inflation will ease.
Household spending and business investment continue to increase, but the property market is still under pressure.
The Fed's decision is in line with market expectations.
However, there is a great divergence of opinion on what speech Bernanke will make at the conference.
At 2:15 in Beijing time, Bernanke will hold a news conference. This is the second time that the Federal Reserve has held such a meeting. The first time is in the morning of Beijing on April 28th.
The Federal Reserve officially announced in March this year, will be convened regularly by the chairman.
The Fed is likely to cut its forecast for economic growth in 2011 and publicly acknowledge that the economy will continue to be disappointing.
The Fed's growth forecast for April is 3.1-3.3% this year, and now it looks too high.
FAO Economics chief economist Brusca (Robert Brusca) said: "what Bernanke needs to do is restore confidence in the economy.
He has to do this. He needs to say that things are getting better and better.
Managing director of the US Economic Outlook Group
Steve Ballmer
(Bernard Baumohl) pointed out that Bernanke also needs to put forward sufficient reasons to convince investors. "I think he can't just be a cheerleader. He must produce something that is feasible and realistic."
Baumer also said that Bernanke will try to placate the market with the following words, that is, the Fed's policy will not have any fundamental change in any direction.
He pointed out that the resistance of the fed to launch QE3 is very large, but the resistance of the Federal Reserve to withdraw from the current ultra-low interest rate policy is also great. "Bernanke will pass the Federal Reserve to continue to wait and see."
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