According to the American Federal Bank, the basic interest rate was increased by 75 basis points for the fourth consecutive time, from 3.75 to 4%.
The Open Market Committee strives to create the most job possibilities and long-term inflation of 2%, according to a statement from the bank. The committee made the decision to increase the target range of the federal funds rate from 3.75 to 45 in order to further these objectives.
” The Federal Reserve explained that it is appropriate to increase the target scope of the basic price.
Origin: Tas.
For the fourth time in a row, the American Federal Reserve hikes interest rates.
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