On Wednesday the US Federal Reserve System took decision to maintain the key interest rate within 0 to 0.25%. This decision was expectable coming in line with estimations.
Even despite the economic climate improvement in the USA, the Open Market Committee reported that a record low interest rate would be fixed till the end of 2014. Tracking the country's economic development, the FRS points out a moderate enhancement, especially in the labor market.
At the same time, the main threat comes from the European recession and the real estate market. Moreover, in the Open Market Committee report it is stated that inflation had accelerated slightly due to price upturn of energy sources.
But this does not seem to be a reason for another quantitative easing. All the more, in a long term prospect the inflationary expectations are to be stable.
The FRS bulletin showed that recovery paces in the United States will be advancing gradually. The decision was taken by the majority of votes for retaining the rate the same.