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‘;
dialog += ‘
article_share:copy
‘;
dialog += ‘
article_share:email
‘;
dialog += ‘
‘ + stringizeQuota(quota) + ‘
‘;
$me.find(‘.article_share_dialog’).html(dialog);
}
$me.slideDown(‘fast’);
}
function stringizeQuota(q) {
var c=”člankov”;
if (q == 1) c=”članek”;
else if (q == 2) c=”članka”;
else if (q == 3 || q == 4) c=”članke”;
var ret;
if (q == 0) ret=”article_share:quota_depleted”;
else ret=”article_share:quota ” + q + ‘ ‘ + c + ‘.’;
return ret;
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var $me = $(‘.article_share_div’).filter(‘.’+pos).find(‘.article_share_dialog’);
$me.html(‘article_share:quota_depleted’);
$me.closest(‘.article_share_div’).slideDown(‘fast’);
}
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$(‘#article_social_’ + pos + ‘ .article_share_dialog’).html(‘article_share:share_sent, article_share:quota: ‘ + quo).slideDown(‘fast’);
}*/
function openShareCreatedDialog(pos, link) {
var res = link.split(‘|’);
var quo = stringizeQuota(res.shift());
var link = res.join(‘|’); // if any
//
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article_share:quota: ‘ + quo).slideDown(‘fast’);
//
var $me = $(‘.article_share_div’);
$me.find(‘.article_share_link’).val(link);
$me.find(‘.article_share_create’).hide();
$me.find(‘.article_share_copy’).css(‘display’, ‘inline-block’);//show();
$me.find(‘.article_share_email’).css(‘display’, ‘inline-block’);//show();
$me.find(‘.quota’).html(quo + ‘
article_share:link_lifespan’); } // $(‘body’).on(‘click’, ‘#a_letter_to_the_editor’, function() { $(‘#letter_to_the_editor’).slideToggle(‘fast’); }); });
The US Federal Reserve (Fed) is maintaining its high interest rate policy for the time being – also because consumer price inflation has recently gained momentum again. Nevertheless, central bankers continue to hold out the prospect of several interest rate cuts throughout the year.
The Federal Reserve is sticking to its hawkish policy for the time being – the US key interest rate remains at a 20-year high. (Photo: dpa)
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The long-awaited US interest rate decision took place without any major surprises. The Federal Reserve (Fed) continues to keep the key interest rate at a high level. The monetary authorities led by Central Bank Chairman Jerome Powell decided on Wednesday to leave the key monetary policy rate unchanged in the range of 5.25 to 5.50 percent. The Fed raised the key interest rate with a total of eleven interest rate hikes and has kept it constant since September. US interest rates remain at their highest level in more than 20 years.
In its updated outlook, the US central bank also signaled that the key interest rate is likely to fall this year – by 0.75 percentage points. This corresponds to three interest rate steps downwards by 25 basis points each. The Fed bankers maintained their December outlook.
Investors liked this message. The US stock indices increased their price gains slightly after the interest rate decision. Investors also placed US government bonds in their portfolios, which in turn depressed returns somewhat. The dollar, which had previously been somewhat firmer, fell behind.
Fed unsettled by latest inflation data
“The Fed is aiming to lower the key interest rate. But because of the currently increased inflation dynamics, it doesn’t dare to do so yet,” says economist Bastian Hepperle from Hauck Aufhäuser Lamp Privatbank. Inflation in the USA has recently been on the rise again. Consumer prices rose by 3.2 percent in February compared to the same month last year, after an inflation rate of 3.1 percent in January. The Fed is aiming for an inflation mark of two percent. Disappointing economic data had fueled speculation that the central bank might cut interest rates earlier than expected – but that didn’t happen.
In the wake of the interest rate decision, the US Federal Reserve updated its estimates of inflation. She continues to expect inflation to average 2.4 percent this year and 2.2 percent for 2025. The forecast for core inflation was raised slightly to 2.6 percent. The central bankers pay particular attention to this value in their analysis. Core inflation is considered a better indicator of the general price trend than the headline rate because the components that are most susceptible to fluctuations are excluded.
“The basic prerequisite for an interest rate cut is that the Fed is convinced of a sustained decline in the inflation rate towards the two percent target. In February, inflation moved virtually sideways again,” said KfW chief economist Fritzi Köhler-Geib. The coming data should therefore increase confidence that price increases are really under control before the Fed can turn around interest rates. (with material from the Reuters news agency)
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