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Fed forecasts two-and-a-half-digit hikes in the coming months

The Federal Reserve of the United States (Fed) forecasts others in the coming months interest rates hiked by two half…

By admin , in news , at May 25, 2022

The Federal Reserve of the United States (Fed) forecasts others in the coming months interest rates hiked by two half points As in May, according to the minutes of its last meeting published this Wednesday. “The majority of participants (at the meeting) considered a reasonable increase of half a percentage point over the next two meetings,” indicate the minutes.

The text published this Wednesday also points to growing anxiety US central bank to move swiftly with measures to tackle high inflation, “Participants believe that it is important to move quickly towards neutral monetary policy. They also indicated that a restrictive policy is something that may be appropriate,” the minutes said.

On May 4, the Fed announced a half-point rate hike, largest in more than two decadesThe last time a US central bank announced an increase of this size was in 2000.

With this increase – which is double what he did in March – the official interest rate for the world’s largest economy fell to a range between 0.75% and 1%.

inflation in the united states fired about 7 months ago It eased slightly in April, up 8.3% year-on-year, two tenths less than in March, although it is still at levels not seen for forty years.

Fed forecasts two-and-a-half-digit hikes in the coming months

2022-05-25 18:57:54