The US Central Bank Federal Reserve raised rates again by 75 basis points in its meeting on Wednesday. In June the rate hike was similar. The Federal funds rate is now 2,25 – 2,50%.
According to Fed’s Chairman Jerome Powell, the Central Bank is ready to increase the rates in its next meeting in September if needed.
He said also in the press conference that the focus of the Fed is to bring the inflation down to the target of 2 % and achieving maximum employment.
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