U.S. Federal Reserve says it is appropriate to raise interest rates soon March hike notice

The Federal Reserve, the central bank of the United States, has said it is appropriate to raise interest rates soon.

It is interpreted that the interest rate is frozen right now, but it is interpreted as saying that it could raise the interest rate as early as March.

The Federal Reserve issued a statement yesterday (26th) local time after the two-day Federal Open Market Committee meeting, and while maintaining the US federal interest rate at the current level, it is planning to raise interest rates soon in consideration of the improvement in employment conditions and continued inflation. told

Therefore, the current base interest rate is maintained at 0.00-0.25%.

However, local media are predicting a rate hike in March, as the Fed "expects that it will soon become appropriate to raise the target range for rates due to inflation above 2% and a strong labor market." .

We have decided to maintain the existing policy for reducing asset purchases that are currently in progress.

Accordingly, the bond purchase program, which has been buying up $120 billion a month to stimulate the economy after the 2020 COVID-19 pandemic, is expected to end in March, as previously expected.