Until now, it was usual for an increase of up to 0.25 points. The Federal Reserve justifies its decision as a necessary measure to cope with high inflation, which is close to 9%. The Fed is also considering more hikes. Stock markets reacted with gains.
Euskaraz irakurri: AEBk puntu erdi igo ditu interest Tasak, 2000. urtetik egindako gorakada handiena
The United States (US) Federal Reserve (Fed) announced an interest rate hike on Wednesday half point interest rates (0.50), the largest increase since more than two decadesand has anticipated further increases of this caliber to inflation, which is almost 9%the highest percentage since the 1980s.
Until now, it has been common practice to announce a 0.25 rise (this was established at the last meeting, last March), although during the two years of the pandemic, interest rates have been around 0. The last time the bank The US central bank had announced an interest rate hike of half a point in 2000.
With this increase, the official interest rate in the US is placed in a range of 0.75% to 1%. The US stock market reacted with sharp gains.
The institution’s president, Jerome Powell, has also indicated that “additional increases of 50 basis points should be on the table” in the organization’s next meetings. So it would be feasible for the world’s largest economy to end 2022 with a interest almost 3%
The US economy shrank 0.4% in the first quarter of the year compared to the previous three months, which: “A lot of jobs have been created.” However, the Fed warns that “the inflation is still very high”, at 8.5%, the highest percentage since 1981
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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.
