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US Fed keeps interest rate at 5.00-5.25%

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US Fed keeps interest rate at 5.00-5.25%

The Federal Reserve System of the US has kept the interest rate at the level of 5.00-5.25%.

Axar.az reports that the Fed improved the US GDP growth forecast for 2023 to 1% from 0.4%, and also downgraded the forecast for 2024 to 1.1% from 1.2%.

In addition, the Fed improved its forecast for US inflation rate in 2023 to 3.2% from 3.3%.
Date
2023.06.14 / 23:56
Author
Axar.az
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