Analysts: It is expected that the Federal Reserve will sit tight and strengthen its data-dependent policy
According to online reports, Generali Investments analyst Paul Sanjeri said that despite the great uncertainty about the U.S. economic outlook, the Federal Reserve will keep interest rates unchanged this week. "The extreme uncertainty caused by the first steps of the new U.S. administration poses downside risks to employment and upside risks to inflation," the senior economist said. He said the U.S. economy still shows healthy domestic demand and sustained inflation, which should strengthen the Fed's data-oriented approach. "We believe this will allow the Fed to continue suspending interest rates at its upcoming Wednesday meeting, which means two interest rates this year." (Jin Shi)
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