Rates steady. The Federal Reserve confirmed the Fed Funds corridor at 3.50%-3.75%, in line with expectations. The decision, unlike what happened in July, was not unanimous: of the 12 governors with voting rights (out of 19 total), three would have preferred a 25 basis point hike, to 3.75-4%: Beth Hammack, president of the Cleveland Fed; Neel Kashkari, president of the Minneapolis Fed; and Lorie Logan, president of the Dallas Fed.
Read more Cineteca Milano at the Sforza Castle with the second edition of «All the Beauty of Cinema»
Ask the Sun
The questions are automatically suggested by 24Ore AI
based on the content viewed.
Unchanged from June, in the statement released after the meeting – now laconic after the innovations of the new chairman Kevin Warsh – the diagnosis of the American economy: “Economic activity is expanding at a sustained pace, despite high uncertainty, partly due to the conflict in the Middle East – explained the US central bank – Productivity growth and capital investments are robust. Employment growth has kept pace with the labor force and the unemployment rate has remained virtually unchanged.”
Read more Be8 lands in Italy to build a new biofuel factory
“Inflation – it then reiterated – remains high relative to the Committee’s 2 percent target, partly reflecting supply-side shocks that have caused price increases in some sectors, including energy.”
Read more The Danube in drought reveals mammoth bones
