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After a series of rate hikes, the Federal Reserve is no longer tightening the screw. The key interest rate remained unchanged in the range of 5.00 percent to 5.25 percent, as announced by the Federal Reserve (Fed) on Wednesday.
Since March 2022, the US Federal Reserve has increased interest rates ten times in a row. Most observers expected this pause in interest rates. Because before the interest rate decision, inflation in the USA weakened significantly and remained at only 4 percent.
This is good news for tenants and landlords in Switzerland. Because it shows that the phase of rate hikes in Switzerland may soon be over. The SNB will likely tighten interest rates again next week, raising the main interest rate from 1.5 percent to 1.75%. And then maybe he can take a break from interest rates.
Source :Blick
I’m Tim David and I work as an author for 24 Instant News, covering the Market section. With a Bachelor’s Degree in Journalism, my mission is to provide accurate, timely and insightful news coverage that helps our readers stay informed about the latest trends in the market. My writing style is focused on making complex economic topics easy to understand for everyone.
