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Fed raises its rates by 0.75% and expects almost zero hike this year

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dollar increase

The Fed now expects close to zero growth in 2022 (+0.2%).

The Fed now expects close to zero growth in 2022 (+0.2%).

This is the third consecutive increase of this level.

The United States Federal Reserve (Fed) on Wednesday announced a three-quarter point increase in its rates and “hopefully supplemental growth will be necessary” in the face of high and difficult-to-control inflation.

(Also read: The United States raised its interest rates by 0.75 percentage points,

This is the third consecutive increase from this level, and rates are now in the range between 3% and 3.25%, with expected inflation now at 5.4% for this year, compared to 5.2% previously estimated.

The Fed now expects close to zero growth in 2022 (+0.2%), compared to the 1.7% forecast in June.

(Too: The World Bank reaffirms its support for Colombia’s labor and pension reform,

After the Fed announced a 0.75 point increase in its interest rates, the dollar was at its highest level against the euro in nearly 20 years., A few months after the introduction of the single currency, the US currency peaked at $0.9814 per euro for the first time since the end of October 2002.

AFP

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