Categories: Market

For the second time in a row: The US Federal Reserve left interest rates unchanged

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The US Federal Reserve is suspending interest rates.
Ulrich Rotzingerhead of economy

Interest rate reduction for the second time in a row in the USA! The Fed left interest rates unchanged at a 22-year high of 5.25 to 5.5 percent.

The Fed increased the policy rate 11 times in 16 months as part of the fight against high inflation; It was last increased by 0.25 points in July. One of the fastest and harshest interest rate increases in history.

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Fed Chairman Jerome Powell (70) evaluates the inflation risk and the risk of extreme economic slowdown when making his decision. The latest economic data showed US inflation remained above the Federal Reserve’s target but weakened, while economic growth remained high.

The boom in the US economy carries the risk of inflation accelerating again.

What is especially exciting now is whether Central Bank Governor Powell will take action again in future meetings. The last opportunity for another increase this year will be the December 13 meeting.

The press conference will start at 19.30.

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++ Update to follow…

More information about interest rate policy
After 10 interest rate hikes
European Central Bank President Lagarde suspends interest rates
Broad overview of savings accounts
This is how much interest banks now pay on your savings
at Saron’s expense
Suddenly fixed-rate mortgages are shining again

Source :Blick

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