The Fed raised the key rate by 50 points

05.05.2022 09:16
by Anđelija Anđelić
1 min read

The Fed raised the key rate by 50 points

On May 4, the planned two-day meeting of the US Federal Reserve began. As a result, officials raised the key rate by 50 basis points. The US key rate was raised to 0.75%.

Fed Chairman Jerome Powell said the Fed is not actively considering a 0.75% rate hike. The Fed plans to raise rates by 0.5% in the next 2 meetings. Further increase will be carried out at the level of 0.25%.

The Fed has decided to begin cutting the Fed’s balance sheet on June 1, 2022.

Author

  • Anđelija Anđelić is an Italian language and lit major, and investigative journalist with a special interest in the crypto world and tech innovations. Exploring the ways our world is changing and bringing the freshest info is her passion.

Trending news

Subscribe and be in touch
Click here