- The U.S. Central Bank has raised interest rates by 25 basis points
- The Fed’s interest rate is now 5.25%
- The hike comes amid bank failures
- BTC has barely reacted to the decision
The United States Federal Reserve is raising interest rates again. As predicted, the rate was raised by 0.25 basis points and now stands at 5.25%.
Today’s 0.25% increase is the 10th in a row.. Many expected such a decision of the central bank, but investors will look at the speech of Chairman Jerome Powell, which begins at 21:30 Kiev time.
He is likely to talk about the banking crisis and also talk about inflation itself. Read about the results of the press conference in our next news.
The Fed is still sticking to its strategy and aiming to bring inflation down to its 2% target. However, it is not that simple and there are many macroeconomic aspects.
The Federal Reserve will likely consider suspending interest rate hikes at its next meeting.
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