Wednesday, September 28

The Federal Reserve raises interest rates by 0.75 points for the third time, to maximum levels since 2008

The Federal Open Market Committee (FOMC) of the United States Federal Reserve (Fed) has unanimously decided to approve a third consecutive rise in the country’s interest rates of 75 basis points, to place them at a target range of between 3% and 3.25%, as reported on Wednesday.

This increase represents the highest price of money recorded by the country since January 2008, a few months before the great financial crisis broke out with the bankruptcies of Bear Sterns and Lehman Brothers.

This increase in rates by the Federal Reserve increases the pressure on the European Central Bank to raise interest rates on the euro, in a race to lower inflation and that the dollar does not appreciate too much against the European currency.

Leave a Reply

Your email address will not be published.