logo
Welcome Guest! To enable all features please Login or Register.

Notification

Icon
Error

jirapotn66 Offline
#1 Posted : Sunday, June 26, 2022 3:00:38 AM(UTC)
jirapotn66

Rank: Advanced Member

Joined: 9/29/2021(UTC)
Posts: 233
Albania



Bank of America may raise interest rates again to keep inflation at 2%.
The Federal Reserve raised interest rates the biggest in 28 years and signaled another rate hike. to pull the country's inflation rate to come down to the target


Foreign news agencies reported from Washington. United States onSLOTXOJune 16 that Mr. Jerome Powell, Chairman of the Federal Reserve (Fed) announced on Wednesday that the monetary policy committee. (FOMC) unanimously It raised the policy rate by 0.75% to between 1.5-1.75%, the highest rate hike since 1994.




Even the Fed chairman admits that This rate hike is much higher than usual. But there is a possibility as well. At the next FOMC meeting in July, interest rates may be raised further by 0.50-0.75% to combat the worst inflation crisis in four decades, with the Fed maintaining its target. The US inflation rate was at 2%. If the Fed continues to raise interest rates US interest rates may hit 3.4% by year-end



The FOMC also lowered its forecast for US economic growth this year to 1.7 percent from its March estimate that gross domestic product (GDP) GDP) is likely to expand at 2.8%.
Sponsor
Users browsing this topic
Guest
Forum Jump  
You cannot post new topics in this forum.
You cannot reply to topics in this forum.
You cannot delete your posts in this forum.
You cannot edit your posts in this forum.
You cannot create polls in this forum.
You cannot vote in polls in this forum.

Powered by YAF | YAF © 2003-2022, Yet Another Forum.NET
This page was generated in 0.180 seconds.