The United States Federal Reserve (Fed) increased by 75 basis points your referral for interest rates, In an effort to control the inflation in the United States, which already marks historical records.
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This is the third increase in this amount made by the monetary entity of the world’s leading economy.
With this decision, which was unanimous, the range of federal funds is raised between 3% and 3.25%, being the largest since 2008.
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In this way, the path is lined up so that at the end of 2022 this range will end above 4.40%, before a possible increase to 4.60% for 2023, in a continuous battle against inflation.
US Federal Reserve Chairman Jerome Powell.
That indicates that a fourth consecutive hike of 75 basis points could be under discussion for the next November Meeting, about a week before the midterm elections.
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Going forward, rates are expected to decrease to 3.9% in 2024 and 2.9% in 2025.
The Fed assured that it is in the attitude of “stay tuned” to the risks of inflation and being “strongly committed to bringing the inflation range to 2%”.
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