The Federal Reserve announced that it would maintain near zero interest rates and cut its forecast f

The Federal Reserve ended its two-day interest rate meeting on Wednesday (22nd) and announced in a statement that it would maintain the current interest rate level close to zero. At the same time, it said that the Federal Reserve may soon begin to reduce asset repurchase.

According to the Capitol Hill and the associated press, the Federal Reserve announced that it would not raise interest rates this month and voted to maintain the federal fund interest rate of 0-0.25% until the end of the year. However, the dot matrix of interest rate expectation shows that half of the members expect to start raising interest rates in 2022. For the current $120 billion monthly bond asset repurchase, Federal Reserve Chairman Powell said that if the economy makes progress as expected, it is likely to begin to shrink at the next Federal Reserve meeting (November 2-3).

In addition, the Federal Reserve lowered its growth forecast for the US economy this year. The Federal Reserve lowered its GDP growth forecast this year from 7% to 5.9%, and its long-term GDP growth forecast remains at 1.8%. In terms of unemployment rate, the Fed's expectation this year has increased from 4.5% to 4.8%. In terms of inflation, the Federal Reserve raised the growth expectation of personal consumption expenditure index (PCE) this year from 3.4% to 4.2%, and the core PCE expectation also increased from 3% to 3.7%. (overseas network Hou Xingchuan)