At the last meeting of the year held during the two days, the Fed unanimously decided the only increase that took place in 2016, after the rise in December of last year, taking the reference rate of the minimum that they were in since 2008.
The Fed reaffirms that the process of raising of interest rates will be gradual, but the projections of its members point to three climbs in 2017, instead of the two foreseen in September, which can be interpreted as an adjustment to an effect of changes in the fiscal policy of the next administration of President-elect, Donald Trump.
is projected, now, to a reference rate of 1.4 per cent at the end of 2017 (1,1 of the projection of September) and the approximation to 3.00 in 2019 (instead of 2.6 in the projection earlier).
In the economic estimates published on Wednesday, the Fed has revised upwards the growth of the Gross Domestic Product (GDP) of the United States to 2016 (1.9 percent instead of 1.8 in the projections of September), in 2017 (from 2.00 to 2.1 percent), and 2019 (1.8 to 1.9). Keeps the projection of a slowdown in 2018 to 2019.
on the other hand, has revised downward the unemployment rate for 2016, 2017 and 2019, which closes at 4.7 percent in 2016 and drops to 4.5 in the three following years, levels considered full employment.
No comments:
Post a Comment