Fed tries to contain inflation in the US with a 0.75% increase in interest rates
The 75 basis point increase leaves interest rates in a range between 1.5% and 1.75%. It is the largest increase in rates since 1994, with the aim of stimulating savings. The fight against inflation continues to be the main strategy of the US financial authorities, after the Fed announced at a press conference that it increased its interest rate by … Read more