As expected, the US Federal Reserve (Fed) is leaving its key interest rate unchanged for the sixth time in a row, at its highest level in more than 20 years. It remains in the range of 5.25 to 5.5 percent, as the Central Bank Council announced on Wednesday in Washington. Commercial banks can borrow central bank money at this rate. The central bank of the world’s largest economy has raised its key interest rate by more than five percentage points at a record pace since March 2022 in the fight against inflation. Recently, however, she stopped turning the interest rate screw. However, price increases in the USA have recently unexpectedly accelerated again.
As expected, the US Federal Reserve (Fed) is leaving its key interest rate unchanged for the sixth time in a row, at its highest level in more than 20 years. It remains in the range of 5.25 to 5.5 percent, as the Central Bank Council announced on Wednesday in Washington. Commercial banks can borrow central bank money at this rate. The central bank of the world’s largest economy has raised its key interest rate by more than five percentage points at a record pace since March 2022 in the fight against inflation. Recently, however, she stopped turning the interest rate screw. However, price increases in the USA have recently unexpectedly accelerated again.
Source: Stern
