The US Federal Reserve is poised to begin a rate-hike cycle when policymakers gather for their March 15-16 meeting.
In a statement after their meeting in Washington overnight, they said “With inflation well above 2 per cent and a strong labour market, the committee expects it will soon be appropriate to raise the target range for the federal funds rate. The committee decided to continue to reduce the monthly pace of its net asset purchases, bringing them to an end in early March.”
“In assessing the appropriate stance of monetary policy, the committee will continue to monitor the implications of incoming information for the economic outlook. “The committee would be prepared to adjust the stance of monetary policy as appropriate if risks emerge that could impede the attainment of the committee’s goals.
“The committee’s assessments will take into account a wide range of information, including readings on public health, labour market conditions, inflation pressures and inflation expectations, and financial and international developments.”
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