United States FederalReserve Raise InterestRate by 0.75% Yet Again -
A statement released after the announcement of the rise alluded to elevated inflation as predictably the main reason
Prices remain high due to imbalances in supply and demand related to the pandemic, with food and energy costs also keeping inflation high.necessary to raise rates again to achieve that longer term aimThe move to increase rates was taken even though the statement alluded to modest growth, following last week’s estimated figure of 2.6% of growth for the third quarter of this year, a rebound from two quarters of economic contraction.
Over December and January, the financial giant expects that the rate will be tapered to a 0.50% and 0.25% rise respectively, reaching a peak rate of 4.625%.
Argentina Últimas Noticias, Argentina Titulares
Similar News:También puedes leer noticias similares a ésta que hemos recopilado de otras fuentes de noticias.
EUR/USD Forex Signal: More Downside as Fed Shifts to CumulatThe EURUSD price rose after the latest Federal Open Market Committee (FOMC) interest rates.
Leer más »
U.S. stocks open down, extend losses after Fed rate hike as investors weigh labor-market dataU.S. stocks opened lower Thursday, extending losses after the Federal Reserve's jumbo interest rate hike as investors weigh labor-market data. The Dow Jones...
Leer más »
Having credit card debt just got more expensive for AmericansOn Wednesday, the Federal Reserve hiked interest rates by 75 basis points, and its Open Market Committee indicated markets should expect further rate increases.
Leer más »
New gates set to open in San Antonio airport terminalsA third gate, B-1a, is scheduled to open Jan. 11, increasing the total number of gates at the San Antonio International Airport to 27.
Leer más »
'They defamed her': Uvalde educator falsely accused of leaving school door open seeks answersA Texas Department of Public Safety official wrongly accused Emilia 'Amy' Marin of propping a door open with a rock, allowing the shooter to enter the building.
Leer más »