The regulator meets today and tomorrow to determine its policy. Most analysts now think that the US central bank will raise interest rates by 0.25%.
The United States Federal Reserve (fed) begins its two-day meeting of the Federal Open Market Committee (FOMC) next Tuesday, where it must decide whether to do so continues its policy of interest rate hikes curb inflation. The debacle of the Silicon Valley Bank (SVB), intervened and renamed by the US authorities, has caused fear in the country’s financial markets, the echoes of which have also reached Europe, with the Credit Suisse crisis absorbed by the main Swiss bank UBS.
As the SVB broke, analysts believed the regulator led by Jerome Powell would slam on the brakes and decide to pause hikes until markets stabilized. Goldman Sachs itself ruled out that the Federal Reserve would raise interest rates a week ago. However, as the appointment approached, the positions changed.
So according to the most of the economists he consulted Financial timesthe fed increases rates by 0.25%.
Power He will announce his decision tomorrow., Wednesday. If he raises rates, it would be the ninth consecutive hike over the past year in a series of hikes made to contain inflation. The latest, announced in February, was a quarter of a point and put interest rates between 4.5% and 4.75%, the highest since September 2007.
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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.
