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Washington – The decision of the federal reserve, if he is interested in closely following the decision, said he would be at the end of the probable year.
On the coup tariffs, there will be an economy with trampling, and the Federal Open Market Committee, the Federal Open Market Committee, which has been a ratio of 4.25% -4.5% since December. The markets praised the two-day policy meeting this week in almost zero chances.
Along with the decision, officials renewed the renovations and economic forecasts and economic forecast until 2027 and changed the pace of reducing bond holdings.
Despite the uncertain impact of the president Donald TrumpTariffs, as well as tax benefits and criticism, officials, officials, said they saw another half percent point of ratio by 2025.
Investors encouraged the Dow Jones Industrial Medium, the more cuts can be ahead More than 400 points rise followed by the decision. However, Press conferenceFederal Reserve Chair Jerome powder If the conditions guaranteed, the Central Bank’s interest rates should be comfortable, he said.
“If the economy remains strong and inflation does not continue to move towards 2%, we can ensure a longer policy limitation.” “If the labor market had been unexpectedly weakened or reduced to inflation more quickly than expected, so we can relieve the policy.”
Uncertainty has increased
In his post-meeting statement, FOMC recorded a high level of high levels of existing climate.
“Uncertainty has increased around the economic worldview” The document reported. “The committee pays attention to both sides of the double mandate.”
The Fed is charged with twin goals to protect fully employment and low prices.
At a press conference, Powell noted that “moderation of consumer expenditures” and expects tariffs that the prices can put up higher pressure. These trends can contribute to the more cautious economic outlook of the committee.
The group lowed the collective worldview for economic growth and gave a higher strike than inflation project. Authorities now reduce the economy that accelerates the speed of 1.7% this year, below the last projection point in December. According to inflation, 2.8% of the annual prices are expected to increase by the point of 0.3 percent of the previous assessment.
According to Expectations of the authorities “Point area”The look has become a few king chains from December. In the previous meeting, only one participant in 2025, now he did not change any proportions compared to four.
Grid showed the equivalent of two anti-two cuts in December, in December 2026, and in 2026 and two more than 3% in 2027 in 2027.
Back ‘Quantity Fastening’
In addition to the price decision, the Fed announced the expansion of the “quantitative strengthening” program to slowly reduce the bonds in the balance sheet.
The Central Bank will now allow only $ 5 billion to reach $ 25 billion per month and $ 25 billion in the treasury. However, this was not separated from a $ 35 billion cap on mortgage-supported securities, and has been rarely struck since the process began.
Fed Governor Christopher Waller voted a single opposition for the action of the Fed. However, the statement said that Waller’s holding rates are continuously, but the QT program continues before.
“Today, the Fed is indirectly reduced to the action to reduce the pace of the pace of the treasure holdings,” said Jamie Cox, a working partner for the working partner for the Harris financial group. “Given the balance of the risk, this movement was one of the easiest choices. It opens the way to the Federation to eliminate the flow of flow and any chance will be an open choice for reducing inflation data.”
Fed’s actions are a syllable to the beginning of the second term in Trump’s office. Republican, so far rose to financial markets with tariffs that implement a range of steel, aluminum and other goods against the global trade partners of the United States.
In addition, the leadership threatens further aggressive duties after a study scheduled to be released on April 2.
Uncertain air to arrive was removed Confidence of consumers, In recent investigations, the inflation was closed due to tariffs. Retail costs increased in FebruaryAlthough the main indicators are less expected, although Consumers are still stormy Political climate.
Shares are fragile because with the main average of Trump’s control and the main average Correction Area As management officials, as an economic reset from the government-fuel stimulus and the more private sector, as it causes a better approach.
Bank of America CEO Brian Moynihan Earlier Wednesday repressed most of the gloomy conversations around Wall Street. The President of the largest US bank said with its assets Card data indicates that it continues at a solid paceThey expect the economy to increase by Bofan economists about 2% this year.
But some cracks in the labor market show. Sfarm salary grown more slowly than expected In February, the widespread size of the unemployed, which contains discouraged and unemployed staff, jumped to the highest level in October 2021.
“Today’s Fed is an echo, uncertainty is a type of wall prospectus,” said David Russell, the head of the global market strategy Tradesten market strategy. “Their expectations are a little stood, because GDP’s estimate landed as inflation, but none is very decisive.”
-CNBC’s Sarah has contributed to this report.
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