US Federal Reserve. File photoMOSCOW, June 15Following the results of the June meeting, the US Federal Reserve System (FRS) raised the base interest rate by 75 basis points — to the level of 1.5-1.75 percent per annum, according to a press release. release of the regulator. The decision coincided with the forecasts of most analysts.US spokesman Biden lashed out over 'worst statement ever' -m, raised the inflation forecast to 5.2 percent from 4.3 percent in 2022 and lowered it to 2.6 percent from 2.7 percent next year, and also allowed an increase in the interest rate in 2022 to three percent and in 2023 to four percent. In addition, the Fed confirmed that it will continue to get rid of assets on its balance sheet, following the plan published in May. The contraction began on June 1, in the first three months it is planned to reduce assets by 47.5 billion dollars a month, 30 billion of which are in treasuries, 17.5 billion in mortgages. The rate should then double to $95 billion per month.Biden «sent» Musk to the moon after his words about the economy The US Federal Reserve notes that a further rate hike would be appropriate. The Central Bank still expects to achieve maximum employment in the economy and inflation at two percent in the long term.
"In choosing a suitable position in monetary policy, the committee will continue to monitor the impact of incoming information on the economic outlook. The Committee will be ready to appropriately adapt monetary policy appropriately when risks arise for the purposes of the committee", the regulator reports.
This is the third time the regulator has raised its base rate, and the decision to raise it by 75 points was made for the first time since November 1994. On March 16, the Fed raised the rate for the first time since December 2018, after unscheduled lowering it to 0.0-0.25 percent per annum in 2020 in response to the severe economic consequences of the coronavirus pandemic.
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