US Interest Rates Remained Unchanged near zero, in 0.00%-0.25% Range

The US Federal Reserve Board left the key interest rate unchanged, at 0.25% as it concluded its 1st FOMC meeting, in 2022.

It will soon be appropriate to raise the target for the federal funds rate,” the Fed remarked, following its latest decision.

It would end its bond purchases program in early March, while saying that supply and demand imbalances linked to the pandemic and reopening the economy were still contributing to high inflation, it explained.

The Fed is starting a program to reduce the massive bond-buying program, that has begun with the outbreak of the Coronavirus in 2020, to save the economy.

It is likely that the Fed will start raising interest rates, in March, to curb inflation.

Prior to the expected decision, the US dollar index rose, along with the Dow Jones index, by more than 300 points.