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“Almost all” members of the Monetary Policy Committee expected further hikes in 2023, according to the Minutes, the final decision dated June 14th, published Wednesday. Even then, some members could have advocated further increases, but later joined the majority opinion for a break.
The US Federal Reserve (Federal Reserve) left the key interest rate range between 5.0 and 5.25 percent at its most recent meeting. In March 2022 this was still slightly above the zero line. Since then, the Fed has raised interest rates sharply.
Federal Reserve Chairman Jerome Powell recently said that further rate hikes may be necessary to combat high inflation. Initially, they only slowed the pace of increases. Future data is very important,” he said.
(SDA)
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.
