Lates News

James Egelhof, chief U.S. economist at Paris Bank in France, said that in the absence of a decisive turning point in U.S. economic data, the Federal Open Market Committee (FOMC) seems willing to indefinitely maintain interest rates unchanged. He stated that the FOMC is waiting for a final conclusion, whether the next step will be to lower interest rates due to the economic downturn or to adopt a more stringent policy because of entrenched inflation in the economy.