00:00The U.S. Central Bank is holding interest rates steady at 3.5 to 3.75 percent.
00:07Today, the FOMC decided to leave our policy rate unchanged.
00:12We see the current stance of monetary policy as appropriate to promote progress toward our maximum employment and 2 percent
00:19inflation goals.
00:22The Fed is weighing growing uncertainty, especially how the war in the Middle East impacts the U.S. economy.
00:27Markets reacted cautiously, with Wall Street closing lower on Wednesday, as investors now only expect one rate cut this year.
00:35U.S. inflation is likely to rise in the short term due to higher energy prices, leaving the Fed firmly
00:41in wait-and-see mode.
