On Wednesday (July 26), the Federal Reserve announced another 25 basis points to raise interest rates between 5.25%and 5.5%, pushing interest rates to the highest level in 22 years.
Comprehensive foreign news reports, this is the 11th interest rate hike since the Federal Reserve entered the rate hike cycle in March 2022, with a cumulative interest rate hike of 525 basis points.After the monetary policy meeting in June this year,
The two -day monetary policy meeting ended on Wednesday and issued a statement saying that the recent indicators showed that American economic activities have continued to expand and expand. In recent monthsEssence The Fed's Open Market Committee still pays great attention to the risk of inflation. In order to achieve employment and inflation goals, it has decided to raise the target range of the federal fund interest rate to 5.25%to 5.5%.The Fed will continue to reduce the holding of US Treasury bonds and institutional bonds in accordance with the previous plan, and is committed to reducing the inflation rate to the target level of 2%. The Federal Reserve Chairman Powell said at a press conference after the meeting that since the beginning of last year, the Fed has tightened the monetary policy, but the effect of the currency tightening policy has not yet appeared.Inflation in the United States has slowed down since mid -last year, but it is still much higher than 2%of long -term goals. Fed officials predict at the June meeting that this year may have to raise interest rates of 25 basis points each time. However, Powell refused to disclose when it might raise interest rates again, indicating that at the next interesting meeting in September, a series of economic reports need to be referred to, including two employment reports and two consumer price index reports."If the data proves that it is necessary, of course, we may raise interest rates again at the meeting in September. But we may also choose to keep interest rates unchanged at that meeting."
