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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 range for the federal funds rate from 2.25% to 2.5% and expects further increases in the target range to be appropriate,” reads a press release on the Fed website. The news is supplemented by Andrey Sapozhnikov.

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