Fed holds no hold on interest rates for first time in new year: Powell: It is appropriate to cut interest rates within the year. China-Singapore Jingwei, February 1 (Dong Wenbo and Fu Jianqing) In the early morning of February 1, Beijing time, the Federal Reserve’s first interest rate decision of the new year was released.
The decision to keep the policy unchanged was in line with the general expectations of investment banks. The statement showed that the committee believed it would not cut interest rate until it was more confident that inflation was close to 2%.