US Federal Reserve hike (Fed) key benefit rate again Wednesday pointed more The heights will come like the country battles High inflation.
It was the third consecutive increase of 0.75 percentage points by the Fed policy- The appointment of the Federal Open Market Committee (FOMC), and the continuation of strict measures to intervene down Inflation that rose to highest in 40 years.
increase takes policy rate to 3.0-3.25%, and the FOMC said it “expects that continued increases … will be appropriate.”
Federal Reserve officials currently See US GDP slowing sharply in 2022 and growth in 2023 said continuous rate Will be required to bring down inflation.
euro dollar Rate hit 0.9814 for The first time since October 2002, just Months after currency became the only legal tender of 12 countries of the European Union.
Wall Street stocks that were in Positive zone before the Fed statement at 6 pm GMT, retreated to the red after announcement.
They were all three main indicators in negative area, with S&P 500 Broadband down 0.6% at 3,834.10.
The latest Fed statement included interest rate Expectations for the end of 2023 and 2024 ie higher From previous expectations, in reference to the US Central bank see now need for a more A prolonged monetary tightening cycle in light of inflation trends.
In general, the message from (the Federal Reserve) remains extremist with The Federal Reserve is committed to raising interest rates to combat “Inflation and keeping inflation expectations steady,” said a note from High Frequency Economics.