US Fed waits for more clarity

As expected, the Fed's interest rate-setting committee has not changed its key interest rates. Economic development is solid despite strong movements in net exports, but the uncertainty surrounding the economic outlook has increased further. The unemployment rate has stabilised at a low level and the labour market is in good shape. The inflation rate was still characterised as slightly elevated. Fed Chairman Powell emphasised that the Fed was waiting for more clarity before making any further central bank decisions.