The Federal Reserve Keeps The Federal Funds Rate Unchanged At 2.25-2.5%.

The US Federal Reserve announced on the 19 day that it will maintain the target rate of the federal funds rate unchanged at 2.25-2.5%, and said that the uncertainty of the US economy is increasing, and appropriate measures will be taken to ensure the sustained expansion of the US economy.

The Federal Reserve issued a statement on the day of its two day monetary policy meeting, saying that since May, the US employment market has remained strong, the economic activity has been steadily expanding, and the household consumption growth rate has been improved earlier than earlier this year, but the fixed investment growth rate is still weak. At the same time, the overall inflation rate and the core inflation rate excluding energy and food prices in the last 12 months were below 2%.

The statement pointed out that the uncertainty of the US economic outlook is increasing. Due to these uncertainties and moderate inflationary pressures, the Fed will take appropriate measures to ensure sustained expansion of the US economy, strong growth in the employment market and inflation level near the "2% target of symmetry".

The Fed's quarterly economic forecast released on the same day shows that the federal funds rate is expected to reach a median of 2.4% this year, consistent with the expected median value announced in March. Meanwhile, the median economic growth in the United States this year and next is expected to be 2.1% and 2% respectively.

The Fed statement also said that when determining the timing and magnitude of future interest rate adjustments, the Fed will assess the current and expected economic conditions in terms of the two targets of full employment and symmetry of the 2% inflation rate, and consider a series of factors such as the employment market situation, inflation pressure and inflation expectations, the financial market and the international economy.

The Federal Reserve has kept the target range of the federal funds rate at 2.25-2.5% since December last year.