As expected
US Federal Reserve lowers key interest rates for the 3rd time in a row
The US Federal Reserve has lowered its interest rates by 0.25 percentage points. The range of key interest rates will be reduced to between 4.25 and 4.50 percent, as the Fed announced in Washington on Wednesday. Bank economists had largely expected this decision.
Kronen Zeitung als bevorzugte Google-Quelle hinzufügen In September, the US Federal Reserve heralded the turnaround in interest rates following the major wave of inflation with a significant rate cut of 0.50 points. This was followed by a smaller rate cut of 0.25 percentage points in November.
The Fed has lowered interest rates even though inflation has recently picked up again somewhat. In November, the inflation rate rose from 2.6 percent in the previous month to 2.7 percent. In 2022, this had at times amounted to a good nine percent. The rate is currently still above the Fed's inflation target of two percent.
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