Federal Reserve leaves benchmark interest rate unchanged at 0-0.25% range
- 4 years ago
미 연준 “2022년까지 제로 금리 수준 유지…내년 미 GDP 5% 반등”
The U.S. Federal Reserve is leaving its benchmark interest rate near zero... and will keep it there through 2022.
Market reaction was mixed to that news, but the Bank of Korea views it as being positive.
Our Kim Jae-hee has this report.
The U.S. Federal Reserve has kept interest rates unchanged at zero to point-two-five percent,... and said it would keep interest rates near zero through 2022.
It also projected the U.S. economy would shrink by 6-point-5 percent this year,... but bounce back with a 5 percent gain in 2021.
"We're not thinking about raising rates. We're not even thinking about thinking about raising rates. So what we're thinking about is, is providing support for this economy. We do think this is going to take some time."
Following the Fed's rate freeze, the tech-heavy NASDAQ closed at a record-high on Wednesday.
It closed at over 10-thousand-20, up more than point-six percent. But the other U.S. indices were down,... the Dow Jones fell about one-percent, while the S&P 500 lost more than half-a-percent.
The CEO of a U.S. wealth management firm said the Fed is doing a good job, but has to guard against speculation.
"So I think this is going to be an interesting balancing act in doing what's best for the economy, but also not creating any bubbles that could be detrimental to the economy down the line."
The Bank of Korea was hopeful on Thursday, saying the Fed's stance will have a positive effect on South Korea's economy.
"If the Fed continues its easing stance, it will eventually positively affect not only the U.S. economy, but the global economy as well,... including the South Korean economy in the long term."
But one analyst played down the optimism, saying the positive impact would be minimal.
"If the Fed's policy allows the U.S. economy to recover faster, leading to a recovery in external demand, it would eventually improve South Korea's exports too. But I think the impact won't be big as the Fed's decision is not far off expectations."
South Korean stocks were down on Thursday,... with the benchmark KOSPI falling more than point-eight percent and the KOSDAQ down some point-two percent at the close.
Kim Jae-hee, Arirang News.
The U.S. Federal Reserve is leaving its benchmark interest rate near zero... and will keep it there through 2022.
Market reaction was mixed to that news, but the Bank of Korea views it as being positive.
Our Kim Jae-hee has this report.
The U.S. Federal Reserve has kept interest rates unchanged at zero to point-two-five percent,... and said it would keep interest rates near zero through 2022.
It also projected the U.S. economy would shrink by 6-point-5 percent this year,... but bounce back with a 5 percent gain in 2021.
"We're not thinking about raising rates. We're not even thinking about thinking about raising rates. So what we're thinking about is, is providing support for this economy. We do think this is going to take some time."
Following the Fed's rate freeze, the tech-heavy NASDAQ closed at a record-high on Wednesday.
It closed at over 10-thousand-20, up more than point-six percent. But the other U.S. indices were down,... the Dow Jones fell about one-percent, while the S&P 500 lost more than half-a-percent.
The CEO of a U.S. wealth management firm said the Fed is doing a good job, but has to guard against speculation.
"So I think this is going to be an interesting balancing act in doing what's best for the economy, but also not creating any bubbles that could be detrimental to the economy down the line."
The Bank of Korea was hopeful on Thursday, saying the Fed's stance will have a positive effect on South Korea's economy.
"If the Fed continues its easing stance, it will eventually positively affect not only the U.S. economy, but the global economy as well,... including the South Korean economy in the long term."
But one analyst played down the optimism, saying the positive impact would be minimal.
"If the Fed's policy allows the U.S. economy to recover faster, leading to a recovery in external demand, it would eventually improve South Korea's exports too. But I think the impact won't be big as the Fed's decision is not far off expectations."
South Korean stocks were down on Thursday,... with the benchmark KOSPI falling more than point-eight percent and the KOSDAQ down some point-two percent at the close.
Kim Jae-hee, Arirang News.