Home Economy The US Federal Reserve raised the base interest rate to 2.25-2.5% per...

The US Federal Reserve raised the base interest rate to 2.25-2.5% per annum

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The US Federal Reserve System (FRS) raised the base interest rate for the second time in a row – by 0.75%, to 2.25-2.5% per annum. The last time the regulator raised the rate on June 15 was also 0.75%, to 1.5–1.75%. . In support of these goals, the Committee has decided to raise the target band for the federal funds rate from 2.25% to 2.5% and expects further increases in the target band to be appropriate,” the Fed said in a press release on its website. that the Fed will continue to reduce its holdings of Treasuries and mortgage-backed securities as planned. Following the previous rate hike, Fed Chairman Jerome Powell said the regulator would end the rate adjustment cycle when it sees clear signs of a slowdown in US inflation. The current press release also emphasizes that the Fed is “firmly committed” to bringing inflation back to its 2% target. July 13 inflation … .

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