The US central bank (Fed) raised its reference rate on Wednesday by 0.75 percentage points, now between 3.75 and 4.00%, its highest level since January 2008 in the face of high inflation.
The US central bank (Fed) raised its reference rate this Wednesday by 0.75 percentage points, now between 3.75 and 4.00%, its highest level since January 2008 in the face of high inflation, and while the recession threatens the economy.
Fed officials, on the other hand, say they anticipate “further rate hikes will be appropriate.” They indicate, however, that the effects on the economy of the increases already made will have to be taken into account to establish the pace, potentially slower, during the next meetings, according to a press release published at the end of their two days of meeting.
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Source: BFM TV
