This new increase places the rates between 5 and 5.25%.
The United States Federal Reserve announced this on Wednesday rise in interest ratesit is time for 0.25 points. This new increase places the rates between 5 and 5.25%.
This tenth increase in the past year comes in a context of high banking instability. Despite everything, the Fed did not announce that it would be the last increase in its hike statement.
The Fed explained that, after ten consecutive rate hikes since March 2022, economic activity grew “at a moderate pace” in the first quarter. Job creation “has been strong in recent months and the unemployment rate has remained low,” while “inflation remains high,” he said.
Delicate financial situation
In the statement, the regulator referred to the banking situation and assured that “the US banking system is sound and resilient” despite the bankruptcy of several banks. Nevertheless, the investigation into the causes of these bankruptcies indicates that the financial situation deteriorated as a result of the organism’s monetary policy.
Nevertheless, several of the country’s economic managers confirm that none of this will lead to a financial crisis.
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.
