We use cookies and google analytics tool to optimize the delivery of digital advertising to you. If you decline personalization of ads you will still see digital advertisements, but they will not be as relevant to you. We never collect sensitive information, and do not sell any of the data we collect. Under the GDPR regulations browser cookies are now considered sudo-anonymized personal data and since we use cookies to deliver relevant advertisements to you we would like to get your permission to do so.

I don't want my data to be used anymore for analytic purposes.

World

16. 06. 2022. 00:00   >>  16:19

MOST AGGRESSIVE INCREASE SINCE 1994

The Fed raised interest rates by 0.75 percent

The US Federal Reserve (Fed) raised its benchmark interest rates three-quarters of a percentage point in a move that equates to the most aggressive hike since 1994.

Ending weeks of speculation, the rate-setting Federal Open Market Committee took the level of its benchmark funds rate to a range of 1.5%-1.75%, the highest since just before the Covid pandemic began in March 2020.

Stocks were volatile after the decision but turned higher as Fed Chairman Jerome Powell spoke in his post-meeting news conference.

“Clearly, today’s 75 basis point increase is an unusually large one, and I do not expect moves of this size to be common,” Powell said. He added, though, that he expects the July meeting to see an increase of 50 or 75 basis points. He said decisions will be made “meeting by meeting” and the Fed will “continue to communicate our intentions as clearly as we can.” CNBC reports.

 “We want to see progress. Inflation can’t go down until it flattens out,” Powell said. “If we don’t see progress ... that could cause us to react. Soon enough, we will be seeing some progress.”

FOMC members indicated a much stronger path of rate increases ahead to arrest inflation moving at its fastest pace going back to December 1981, according to one commonly cited measure.

The Fed’s benchmark rate will end the year at 3.4%, according to the midpoint of the target range of individual members’ expectations. That reflects an upward revision of 1.5 percentage points from the March estimate. The committee then sees the rate rising to 3.8% in 2023, a full percentage point higher than what was expected in March.

Пратите нас на

Коментари 0

остави коментар

Остави коментар

Правила коментарисања садржаја Портала РТЦГ
Поштујући начело демократичности, као и право грађана да слободно и критички износе мишљење о појавама, процесима, догађајима и личностима, у циљу развијања културе јавног дијалога, на Порталу нијесу дозвољени коментари који вријеђају достојанство личности или садрже пријетње, говор мржње, непровјерене оптужбе, као и расистичке поруке. Нијесу дозвољени ни коментари којима се нарушава национална, вјерска и родна равноправност или подстиче мржња према ЛГБТ популацији. Неће бити објављени ни коментари писани великим словима и обимни "copy/paste" садрзаји књига и публикација.Задржавамо право краћења коментара.

Да бисте коментарисали вијести под вашим именом

Улогујте се