As expected, the Fed raised interest rates
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As expected, the Fed raised interest rates
The Fed's inflation was as expected when it voted to raise interest rates by 0.75%, the highest in nearly three decades. Both signaling willSLOTXOcontinue to use strong drugs. With the expectation that inflation will continue to decline reach the desired goal
On June 15, 2022, the AP news agency reported that the United States Federal Reserve's (FOMC) monetary policy committee (FED) unanimously raised interest rates by 0.75%, the biggest in nearly three decades, and also signaled that will still raise interest until increasing the risk that an economic recession will occur again
Fed Chairman Jerome Powell said that when interest rates were raised at such extraordinary rates It is expected that Inflation will drop by ripples. start now
When a reporter asked Why is the Fed raising interest rates stronger than Mr Powell had signaled? Mr Powell replied: Recent reports have shown that Inflation is hotter than expected From the situation during the past 4-5 months, including from the Russian-Ukrainian war
“We think the use of strong drugs is warranted at this meeting. So we use this method,” the Fed chair said, adding that “the most serious mistake is not driving inflation down.”
Mr Powell also said that Economic expansion may be slightly reduced. But it will be at an appropriate level. because the overall economy is strong and still going well We will try not to induce a recession. Please be assured of this.
The Fed voted to raise the short-term interest rate by 0.75% to 1.5%-1.75% as expected by financial markets. It was the biggest rise since 1994, or the highest in 28 years, to freeze credit while curbing higher inflation in the country. by wanting to pull the inflation figure down to reach the 2% target.
The Fed's interest rate hike comes after U.S. inflation data in May soared to 8.6 percent, the highest in more than four decades, and has ravaged many sectors of the economy and shows no signs of slowing down.
Americans are also expected to experience inflation longer than previously seen. This anxiety is a psychological effect on the economy. And it makes it even harder to bring inflation back to the Fed's 2% target.
However, investors in the latest stock market Responding to the Fed's rate hike with a green board, the S&P 500 index rose 1.3% after midday. and through the flashing up-down period that Mr Powell gave a press conference |
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