Thursday, March 28

The United States Federal Reserve raises interest rates again 0.75 points to cool prices

The Federal Open Market Committee (FOMC) of the United States Federal Reserve (Fed) has decided to raise the country’s interest rates by 75 basis points, to a target range of 2.25% and 2.5%, as reported this Wednesday.

In this way, the US central bank has fulfilled the forecasts that its president, Jerome Powell, had advanced at the monetary policy meeting in June, when he opened the door to a new rise of 75 basis points after the one made at said meeting.

This is the fourth increase since the Fed started raising rates in March. The monetary organization has insisted that more increases in interest rates will be necessary in the coming months, but it has not wanted to specify a timetable for increases or when they will occur.

“The possibility that an even more restrictive monetary policy could be appropriate if the pressures of high inflation continue to persist,” explains the monetary agency in a statement.

In June, the inflation rate in the world’s largest economy stood at 9.1%. “The committee is strongly committed to the objective of returning inflation to 2%”, indicates the Fed, although on this occasion it has let slip the tagline that it always maintains “maximum employment levels”.



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