Most economists believe that Federal Reserve Bank stop them interest rate increases next week, for the first time in 15 months, and suspend monetary policy until December as the country faces a resilient US economy and stubborn inflation.

The Federal Open Market Committee at its meeting on June 13-14 will keep interest rates at 5-5.25%, although economists who participated in the Bloomberg Poll, officials are waiting until July to see how they will move. The forecasts of the Federal Reserve Committee (FOMC) in its round of economic forecasts are expected to point to a benchmark interest rate of 5.1% by the end of 2023, which is in line with economists’ expectations and is fully in line with March forecasts. “We believe that May was ultimately the last (tempo) increase in this cycle, as the contraction inflationary pressurea slowdown in job creation and pressure from the credit crunch prevented the Federal Open Market Committee from making another raise,” Nomura Securities economists Aichi Anemia, Jeremy Schwartz and Jacob Meger added in a research note.

“It is very likely that the Fed will avoid raising interest rates at the June 13-14 meeting,” economists Anna Wong, Stuart Paul, Eliza Winger and Jonathan Charge said. its tightening money-credit policy Since the collapse of Silicon Valley Bank and Signature Bank in March last year, Fed officials have highlighted uncertainty about the economic outlook and shown flexibility in their response.

Meanwhile, the data came as a pleasant surprise, and economists say monetary policymakers will raise their forecasts for the US economy this year.

They are likely to raise their growth forecast to 0.6% this year from the 0.4% forecast by officials in March and revise the unemployment rate this year to 4.2% from 4.5% they estimated in March. .

However, they are expected to keep inflation forecast unchanged at 3.3% this year and 3.7% excluding food and energy, or up 0.1 percentage point from March.