#FedHODL

Federal reserves decided to keep interest rate unchanged at 4.25% - 4.5%.This decision aligns with market expectations as central Bank makes it's first policy announcement in this new year.

The summary of FED chair POWELL's statement is as follows.

● The economy has made significant progress towards goals.

● Inflation has moved much closer to the goala and remains somewhat elevated.

● The labour market is not a source of inflationary pressures.

● The FED does not need to be in a hurry to adjust policy.

● FED to continue meeting by meeting approach

● The FED'S 2% long term inflation goal will not change.

The FED pause has begun now.