British News Agency

The Federal Reserve's Federal Open Market Committee (FOMC) stated that it has decided to maintain the key interest rates at the level of 5.25 - 5.5% during the past summer, following 11 increases that began in March 2022.

However, in a statement issued by the Federal Open Market Committee (FOMC) after the Fed's Tuesday meeting, the expression stating the Fed's desire to continue raising interest rates until inflation is under control and until the Fed achieves its "2% inflation target" has been removed.

Furthermore, the statement also noted that there are currently no plans to lower interest rates, even as inflation continues to exceed the Fed's target, and that the statement provides limited guidance on the factors that will be considered for adjustments in policy.

The statement also emphasizes that policymakers do not rule out further rate hikes, stating that "the Committee does not think it would be appropriate to lower the target range until it has more confidence that inflation will move sustainably to 2%."

In the statement, it is also highlighted that policymakers are not considering the delayed effects of monetary policy when evaluating policy.