Arab Canada News
News
By م.زهير الشاعر
Published: March 20, 2024
After ending its meeting today Wednesday, the Federal Reserve's Monetary Policy Committee (Federal Open Market Committee) decided to keep the US interest rate unchanged during the current January month, settling the federal funds rate at 5.50%, in line with market expectations.
The decision of the US Federal Reserve's March meeting came as the bank paused interest rate hikes for the fifth consecutive month, as the bank awaits the release of more US economic data in the coming period.
The US Federal Reserve sets short-term interest rates in the United States through its decision on the interest that banks pay each other during overnight trades for borrowing reserves in case of a shortfall in the required reserves. This is the reserve interest rate.
In a few minutes, we will provide you with the interest statement and economic forecasts issued by the US Federal Reserve, which may give more clarity on the US economic conditions and the circumstances of monetary policy decisions, which will have a strong impact on dollar trading against other currencies.
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