Fed: no financial squeeze, everything stopped

The Fed announced that US interest rates will remain unchanged in a "gap" between 0.25% and 0.50% and are being revised downward GDP estimates. At the conclusion of a meeting of the FOMC, the Fed said it would continue to closely monitor the international economy. "All meetings are open," Janet Yellen said to reporters demanding information on a timing of a rate increase. "The state of the economy only guarantees gradual increases in interest rates," said Yellen, noting that in the current situation is 'appropriate' to maintain an approach "cautious" in monetary policy.

The next internal moves are still very uncertain: if the average stays of two rate hikes in 2016, rises the number of those expecting a single financial squeeze. The expectations for next year speak of an expected rate 1.625%, less dell'1,875% forecast in March. In 2018 however the rates will be at 2.375%, below the 3% previously estimated.

Uncertainty about the referendum Brexit "is one of the factors that has weighed on the decision to maintain the cost of money", Janet Yellen says, noting that a possible farewell of Britain to the European Union could have repercussions on the economy and global finance.
The institute directed by Janet Yellen also revises downwards its US growth estimates. GDP will grow this year by 2% compared to 2.2% expected in March, while the inflation rate will rise to 1.4% against 1.2% previously estimated.