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The US Federal Reserve raises interest rates again by 0.75 percentage points

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Status: 07/27/2022 8:17 p.m.

The US Federal Reserve again raised its key rate sharply by 0.75 percentage points, a new step in the fight against high inflation. The key interest rate is now in a range of 2.25 to 2.50%.

Faced with galloping inflation in the United States, the Federal Reserve (Fed) is once again daring to raise interest rates unusually large. It raised the key interest rate by three-quarters of a percentage point.

He had already pushed it up at the same rate in June, which has now reached a range of 2.25 to 2.50%. Currency watchers around Fed boss Jerome Powell assume further increases should be appropriate.

Due to high inflation, they are under pressure to raise the price of silver as quickly as possible. Due to the steep rise in the cost of food, rent and energy, many Americans have less in their wallets.

Inflation rate at 9.1%

The inflation rate last stood at 9.1% – the highest level since late 1981. However, some experts worry that the Fed is being too aggressive in tackling inflation and thus blocks the economy.

The economy had already started to collapse at the start of the year. For second-quarter U.S. gross domestic product data, due Thursday, experts expect a relatively meager 0.5% extrapolated gain for the year.


Source www.tagesschau.de

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