Jackson Hole (dpa) – The US- Federal reserve will raise its key interest rates further careful. Economic conditions showed in the right direction, said Fed chief Janet Yellen on Friday at the international central bankers meeting in Jackson Hole
Jackson Hole (dpa) – The US Federal reserve will raise its key interest rates cautiously. Economic conditions showed in the right direction, said Fed chief Janet Yellen on Friday at the international central bankers meeting in Jackson Hole.
The statements Yellens counted on the markets as a strong signal that may still is expected this year with a slight interest rate hike. The next opportunity to do so would be on September 21.
“In light of the continued solid situation on the labor market and our forecasts for economic activity and inflation, I believe that the case for an increase in the interest rates become stronger are, “Yellen said at the annual meeting of central bankers from around the world in Jackson Hole (Wyoming). The Dax moved slightly to the statements Yellens.
However, they asserted that the Federal Reserve would continue to be in its monetary policy be guided by the actual economic data and not from forecasts. Economic growth in the US currently lags slightly below forecasts. The monetary policy of the Fed must remain resilient, be prepared for future shocks, she said.
On Friday, the US Department of Commerce had announced a high gerechnetes to the current year growth of 1.1 percent. However, labor market and inflation trended towards the targets, Yellen said. “Even though economic growth was not particularly fast – it was sufficient to improve the situation in the labor market,” Yellen said. In the last three months an average of 190 000 each jobs had been added.
The Federal Reserve had raised its key rate last in December last year. He is currently on a target level of 0.25 to 0.5 percent. Before him, the central bank had kept for years in the wake of the financial crisis at virtually zero. The Fed had indicated for 2016 up to four interest rate increases, but so far no realized. The next opportunity to do so would be at the meeting of the Federal Open Market Committee on 21 September. However, many experts are more likely to see a further increase in the US Leizinses until December.