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Fed keeps policy rate unchanged

The Fed kept the policy rate unchanged at 0-0.25%.

Fed keeps policy rate unchanged

Three interest rate hike expectations for 2022 emerged from the dot chart.

Two weeks ago, Fed Chairman Jerome Powell surprised market players by saying that the bank might consider increasing the tapering pace.

Reiterating that high prices are due to supply and demand imbalances caused by the Kovid-19 outbreak, Powell said, "In the last few months, price increases have spread to a much wider area in the economy, I think the risk of higher inflation has increased." he said.

Pointing out that inflation has been well above the Fed's 2 percent target for a long time, Powell said it was time to put aside the assessment that inflation was "temporary".

Emphasizing that they will use the Fed's tools to ensure that high inflation does not become permanent, Powell stated that high inflation is expected to continue until the middle of next year.

Three interest rate hike expectations for 2022 emerged from the dot chart.

Two weeks ago, Fed Chairman Jerome Powell surprised market players by saying that the bank might consider increasing the tapering pace.

Reiterating that high prices are due to supply and demand imbalances caused by the Kovid-19 outbreak, Powell said, "In the last few months, price increases have spread to a much wider area in the economy, I think the risk of higher inflation has increased." he said.

Pointing out that inflation has been well above the Fed's 2 percent target for a long time, Powell said it was time to put aside the assessment that inflation was "temporary".

Emphasizing that they will use the Fed's tools to ensure that high inflation does not become permanent, Powell stated that high inflation is expected to continue until the middle of next year.

The USA inflation hits 39-year high
In November, the consumer price index (CPI) in the USA increased by 6.8 percent compared to the same period of the previous year.

The data in question pointed to the highest increase since 1982.

The expectation of economists participating in the Bloomberg survey was that the CPI would increase by 6.8 percent on an annual basis.

On a monthly basis, inflation was recorded as 0.8 percent.

In the survey, inflation was expected to be 0.7 percent compared to the previous month.

Excluding food and energy, which is the core inflation indicator, inflation was realized as 4.9 percent on an annual basis, in line with expectations. Monthly core inflation was also recorded at 0.5 percent, in line with expectations.

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