The US Federal Reserve for the second time in a row increased the key rate by 75 basic points to the range of 2.25%-2.5, in order to curb accelerating inflation in the country. This is stated in the message of the Fed.
This decision is marked by the fourth consecutive increase in the increase in the rate by an American regulator, of which the last two suggested an increase of 0.75 percentage points.
The Fed records the softening of the latest costs and production, but inflation in the country remains high. It reflects the imbalance of demand and demand in the market as a result of the pandemic, higher food prices and energy, as well as greater price pressure.
“The war of Russia against Ukraine entails huge human and economic difficulties. The war and the events associated with it create additional pressure on inflation and negatively affect world economic activity,” the Committee on open markets notes.