Home Economy Fed keeps step // Key rate raised again by 0.75 percentage points

Fed keeps step // Key rate raised again by 0.75 percentage points

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The US Federal Reserve System (FRS) Wednesday, July 27, again raised the key rate, bringing it to the range of 2.25-2.5% per annum. As in June, the increase was “non-standard” 0.75 percentage points. Explaining his decision, the regulator, as before, referred to the rise in inflation in the United States – in June it accelerated to 9.1%. The former optimistic tone of the description of the state of the American economy in the Fed’s statement has changed to a more wary one. Experts still differ in assessing the risk of the US entering a recession, expecting the economic growth to continue in the second quarter. The IMF does not rule out that a recession may begin later – against the backdrop of a slowdown in US GDP growth. .

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