The US Federal Reserve (Fed) made one of the expected rate hikes this year. With the new increase, the interest rate was increased by another 75 basis points.
In these days when we are experiencing economic fluctuations and difficult times, we are listening to all the news on the subject with our ears. However, of course, most of these news are not the news we expected.
Last month, eyes turned to the Fed for a new interest rate decision and the news of the expected interest rate hike came. With the Fed decision, the highest interest rate hike since 2000 was realized, and an increase was observed in dollar, Euro and gold prices in a short time. Today, another similar news came from the Fed.
Highest rate hike in 28 years
With the interest rate hike announced by the US Federal Reserve (Fed), interest rates Increased by 75 basis points. Interest rates have been increased by 50 basis points in recent months, the highest increase since 2000. However, the Fed added a new one to these historical increases today. The 75 basis point increase was the highest interest rate increase after 28 years.
In our previous news, we told you that Fed members expect interest rate hikes 4 more times this year. Today’s votes of Fed members Increase by 10 against 1 was in the direction. The Fed’s next rate hike decision is expected to be announced on July 27.
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