The US central bank has confirmed economists’ expectations and the official interest rate of the world’s largest economy has moved to a range of 3.75 to 4%, the highest level since 2017.
Euskaraz irakurri: AEBetako Erreserba Federalak interes-tasak best 0.75 puntu igo ditu
The United States Federal Reserve announced a 0.75 point hike in official interest rates on Wednesday, its sixth straight hike since March, in a new attempt to inflation.
The US central bank has confirmed economists’ expectations and the official interest rate of the world’s largest economy has moved to a fork between the 3.75 and 4%the highest level since 2017.
“Inflation remains high as a result of the supply-demand imbalances linked to the pandemic, with higher energy and food prices and broad-based price pressures,” the Fed said, pointing out that Russia’s war in Ukraine is a factor drives up inflation.
US Monetary Authority has again predicted it will be “appropriate” to act new uploads interest rates in future meetings.
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Source: EITB
I’m Wayne Wickman, a professional journalist and author for Today Times Live. My specialty is covering global news and current events, offering readers a unique perspective on the world’s most pressing issues. I’m passionate about storytelling and helping people stay informed on the goings-on of our planet.
