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This week's meeting offers little suspense and probably not much action, even as massive changes loom over the Fed's longer-term direction.
The South African Reserve Bank’s (SARB) Monetary Policy Committee (MPC) met on Thursday to announce its latest interest rate decision. The South African Reserve Bank's (SARB) Monetary Policy Committee (MPC) met on Thursday to announce its latest interest rate decision. Image: SARB
The decision to hold rates is in line with market expectations, with economists predicting a cautious tone from the central bank
The Federal Reserve is on track to keep interest rates steady Wednesday and defy the Trump administration’s controversial efforts to reshape the independent central bank. The Federal Open Market Committee (FOMC) is widely expected to leave its baseline borrowing rate unchanged,
The Federal Reserve has kept interest rates on hold for the first time since July, as chair Jay Powell said the US central bank was in no rush to cut them despite Donald Trump’s relentless campaign to drastically lower borrowing costs.
While a majority of economists believe the central bank will be cautious in its approach, factors including a stronger rand against a weak US dollar could work in consumers' favour.
President Trump's move to nominate Kevin Warsh to replace Jerome Powell as Federal Reserve chair is likely to be viewed as a safe choice on Wall Street, elevating a former Fed official with deep monetary policy experience and well-established views on inflation.