The US central bank on Wednesday raised its key rates by half a percentage point, the first increase of this magnitude since 2000, in an attempt to control record inflation. The Fed signaled that further hikes ‘would be warranted’ in the future.
Key rates are now in a range of 0.75% and 1%, according to a statement. In addition, the Federal Reserve will begin to reduce its balance sheet as of June 1, another monetary tightening tool to temper inflationary pressure.
Finally, the institution warns that the war in Ukraine and the confinements in China will aggravate inflation and logistical problems.
/ATS
Related posts:
La Jornada - President of Iberdrola calls Spanish consumers “fools”
Airline Industry Outlook: Record-Breaking 4.7 Billion Passengers Expected in 2024
Salaries in Quebec are expected to increase by an average of 3.7% in 2024
The camera of the "Galaxy S23 Ultra" has advantages compared to single-lens cameras Strengthening po...
How do the trends of the "US Federal Reserve" affect oil prices?
A billionaire profit for Loto-Québec
“Mbebekosh is over something” .. those born in 4 constellations are the most mature
'2022 Electrical Industry Day' successfully completed...Jang Chang-ik, Chairman Woo Jin-kijeon, 'Kor...