Until now, the usual thing was increases of, at most, 0.25 points. The Federal Reserve justifies its decision as a necessary measure to deal with high inflation, which is close to 9%. The Fed also considers more increases. Stock markets have reacted with rises.
Euskaraz irakurri: AEBk puntu erdi igo ditu interest Tasak, 2000. urtetik egindako gorakada handiena
The Federal Reserve (Fed) of the United States (USA) announced this Wednesday a rise in half point interest rates (0.50), the largest increase since more than two decadesand has anticipated further increases of this caliber to fight the inflation, which is close to 9%the highest rate since the 1980s.
Until now, the usual thing was to announce a rise of 0.25 (this was established at the last meeting, last March), although during the two years of the pandemic, rates have been around 0. The last time the bank The US central bank had announced a rate hike of half a point in 2000.
With this increase, the official interest rate in the US is placed in a range between 0.75% and 1%. The US stock market has reacted with strong increases.
The president of the institution, Jerome Powell, has also indicated that “additional increases of 50 basic points should be on the table” in the next meetings of the organization. Thus, it would be feasible for the world’s largest economy to close 2022 with a interest rate close to 3%.
The US economy contracted 0.4% in the first quarter of the year compared to the previous three months, which “Job creation has been high.” However, the Fed warns that “the inflation is still very high”, at 8.5%, the highest rate since since 1981.
Source: Eitb
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