Interest Rate : l'analyse économique

The Federal Reserve on Wednesday released its latest decision on interest rates. Interest Rate s'impose comme l'un des sujets qui mobilisent l'attention en UAE ce jeudi.

Les faits

• The Federal Reserve on Wednesday released its latest decision on interest rates.
• An unusually divided Federal Reserve held its key interest rate steady.
• Powell used the one tool of leverage he had left to push back on an administration that has aggressively attacked the central bank for its refusal to bend to the president’s demands for lower interest rates.
• An unusually divided Federal Reserve on Wednesday held its key interest rate steady as policymakers grappled with the policy impact of persistent inflation and awaited a looming leadership transition at the central bank.
• In what may have been Chair Jerome Powell's final meeting at the helm, the rate-setting Federal Open Market Committee voted to hold the benchmark funds rate in a range between 3.5%-3.75%.

L'essentiel

Dans le détail, an unusually divided Federal Reserve held its key interest rate steady.

Sur le fond, Powell used the one tool of leverage he had left to push back on an administration that has aggressively attacked the central bank for its refusal to bend to the president’s demands for lower interest rates.

Concrètement, an unusually divided Federal Reserve on Wednesday held its key interest rate steady as policymakers grappled with the policy impact of persistent inflation and awaited a looming leadership transition at the central bank.

Au-delà de ce constat, In what may have been Chair Jerome Powell's final meeting at the helm, the rate-setting Federal Open Market Committee voted to hold the benchmark funds rate in a range between 3.5%-3.75%.

Reste à préciser que Amid expectations for a routine vote to hold the benchmark funds rate steady, the FOMC instead was split along 8-4 lines, with officials expressing different reasons for their vote.

Les chiffres

À noter par ailleurs : Higher prices augur higher rates for the Fed, which has been on an easing bias since the latter part of 2025.

Plus précisément, Fed officials at the March meeting indicated they foresee one cut this year then another in 2027, putting the funds rate down to its expected "neutral" level around 3.1%.

Dans la foulée, Nonfarm payrolls in March grew by a better-than-expected 178,000, while the unemployment rate slipped to 4.3%.

À ce stade, the same could be said for his momentous decision to stay on at the Fed as a governor after his term as Fed chair ends May 15.

Le contexte

Reste à préciser que Powell will remain a governor at the Federal Reserve after his term as chair ends, in a bid to guard against a further incursion by the Trump administration on the central bank’s independence.

À noter par ailleurs : Powell leaving what was expected to be his last news conference as Federal Reserve chair on Wednesday.Credit...Anna Rose Layden for The New York Times.

Plus précisément, Powell’s term ends in January 2028, stymieing the president’s plans to get more of his supporters on the powerful board of governors.

Dans la foulée, However, the meeting saw a dramatic turn amid a groundswell of officials who opposed messaging that further rate cuts could be ahead.

À ce stade, Separately, during a news conference following the central bank's decision, Powell signaled that he would remain on the Board of Governors for an indefinite period.

Recherches associées

Plusieurs requêtes connexes accompagnent ce sujet : FULL TEXT- Bank of Canada leaves key interest rate unchanged • KraneShares Trust - Quadratic Interest Rate Volatility and Inflation Hedge ETF annonce un dividende mensuel, payable le 30 avril 2026 • Namibia holds key interest rate as Iran war darkens outlook • The BCEAO lowers its key interest rate to 3%: What are the consequences for the WAEMU? • Taux d'intérêt mondiaux, Robinhood, résultats de Galaxy : La semaine à venir dans la crypto • Inflation in Europe 'on right track' to lowering interest rates - president.

À retenir

• An unusually divided Federal Reserve held its key interest rate steady.
• An unusually divided Federal Reserve on Wednesday held its key interest rate steady as policymakers grappled with the policy impact of persistent inflation and awaited a looming leadership transition at the central bank.
• The same could be said for his momentous decision to stay on at the Fed as a governor after his term as Fed chair ends May 15.
• Recherches qui explosent : FULL TEXT- Bank of Canada leaves key interest rate unchanged, KraneShares Trust - Quadratic Interest Rate Volatility and Inflation Hedge ETF annonce un dividende mensuel, payable le 30 avril 2026, Namibia holds key interest rate as Iran war darkens outlook, The BCEAO lowers its key interest rate to 3%: What are the consequences for the WAEMU?.