USA-Fed/Interest Rate
USA-Fed/Interest Rate
Dateline : June 17, 2026/Recent/File
Location : United States
Duration : 1'11
FILE: Washington D.C., USA - Date Unknown (CGTN - No access Chinese mainland)
1. Various of U.S. Federal Reserve building; national flag of United States, flag of Federal Reserve
FILE: USA - Date Unknown (CCTV - No access Chinese mainland)
2. Various of U.S. dollar banknotes being printed
FILE: Brazil - Date Unknown (CCTV - No access Chinese mainland)
3. U.S. dollar banknotes being counted
FILE: Miami, USA - April 7, 2025 (CGTN - No access Chinese mainland)
4. Various of fruit, vegetables for sale
5. Various of staff putting meat products on refrigerator shelves
FILE: Miami, Florida, USA - 2025 (CGTN - No access Chinese mainland)
6. Various of consumers in supermarket
FILE: Los Angeles, USA - April 7, 2025 (CGTN - No access Chinese mainland)
7. Various of people walking with shopping carts at supermarket parking lot, loading groceries onto cars
Los Angeles, USA - June 15, 2026 (CGTN - No access Chinese mainland)
8. Aerial shots of city view, traffic
FILE: New York City, USA - Oct 2024 (CCTV Video News Agency - No access Chinese mainland)
9. Buildings, pedestrians, traffic
10. Brooklyn Bridge, U.S. national flag
11. City view
The U.S. Federal Reserve on Wednesday kept the target range for the federal funds rate unchanged at 3.5-3.75 percent.
"Economic activity is expanding at a solid pace despite elevated uncertainty that owes, in part, to the conflict in the Middle East. Productivity growth and capital investment are strong. Job gains have kept pace with the workforce, and the unemployment rate has changed little," said the Federal Open Market Committee (FOMC) in a statement.
Meanwhile, "inflation remains elevated relative to the Committee's 2 percent goal, in part reflecting supply shocks that have driven price increases in certain sectors, including energy," the FOMC went on in the statement.
In support of the Fed's dual mandate, the committee "decided to maintain the target range for the federal funds rate at 3-1/2 to 3-3/4 percent," the statement said.
The FOMC reaffirmed "its policy of maintaining ample reserves in the banking system."
All 12 FOMC members voted for keeping the rate unchanged.
Following the FOMC meeting held on Tuesday and Wednesday, meeting participants submitted their projections of the most likely outcomes for real GDP growth, the unemployment rate, and inflation for each year from 2026 to 2028 and over the longer run.
The Federal Reserve Board members and Federal Reserve Bank presidents project that U.S. median GDP growth will be 2.2 percent in 2026, lower than the March projection of 2.4 percent. The median unemployment rate will be 4.3 percent in 2026, down from the March projection of 4.4 percent. Their GDP growth and unemployment projections for 2027 are at 2.3 percent and 4.3 percent, respectively, unchanged from the March projection.
As for inflation based on the personal consumption expenditures price index, FOMC meeting participants project it at 3.6 percent for 2026 and 2.3 percent for 2027, both higher than the March projections of 2.7 percent and 2.2 percent, respectively.
ID : 8485068
Published : 2026-06-18 05:44
Last Modified : 2026-06-18 16:54:59
Source : CCTV Video News Agency,China Central Television (CCTV),China Global Television Network (CGTN)
Restrictions : No access Chinese mainland
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