Federal Reserve Building in Washington
new York The US Federal Reserve has raised the key interest rate extremely sharply for the fourth time in a row. It raised it again on Wednesday by three-quarters of a percentage point – to the new range of 3.75 to 4.00 percent, according to the Federal Reserve.
Equity markets reacted positively to the news. The broad S&P 500, the leading index Dow Jones and the technology-heavy Nasdaq shot up significantly immediately after the interest rate decision.
More: “Stubborn monetary policy” – Nagel calls for further interest rate hikes and a reduction in the ECB’s balance sheet
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