The Fed raises interest rates 0.75 points, the fifth increase in six months

This content was published on September 21, 2022 – 18:03

Washington, Sep 21 (EFE).- The United States Federal Reserve (Fed) announced this Wednesday a rise in the official interest rate of 0.75 points, the fifth increase since March and the third consecutive three-quarters of a point, in a new attempt to control inflation.

The US central bank met the expectations of economists and the official interest rate of the world’s largest economy now stands at a range of between 3 and 3.25%, the highest level in the last 14 years. EFE

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