Federal Reserve Yellen: Keeping interest rates unchanged indicates a cautious stance, which is appropriate

After the Federal Reserve announced that interest rates would remain unchanged, Federal Reserve Chairman Yellen stated in his remarks that recent economic indicators have been mixed, and a cautious adjustment of monetary policy is appropriate. The unchanged interest rates indicate a cautious policy stance.


The situation of Brexit in the UK is that the Federal Reserve is6A factor to consider when making decisions at monthly meetings. This event may affect the outlook for the US economy.


Regarding monetary policy


The unchanged interest rates indicate a cautious policy stance.


The Federal Reserve's policy does not have a predetermined direction.


The cautious adjustment of monetary policy is appropriate.Foreign exchange gold


The Federal Reserve's policies should support economic progress towards its goals.


The interest rate will be lower than the long-term level for a period of time.


Interest rates will remain at a long-term level for a period of time.


About Employment and Inflation


It is very important not to overreact to one or two (non agricultural) reports.


5The monthly non-agricultural data indicates a decrease in the number of people actively seeking employment.


Recently, there has been a significant slowdown in more employment market indicators.


The slowdown in household spending in the first quarter may only be a temporary phenomenon.


The salary growth rate may eventually show signs of an upward trend.


We still expect the job market to improve in the coming years.


Expected future2-3Annual inflation will rise to2%。


Long term inflation expectations cannot be taken for granted.

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