The Fed announced its much-anticipated interest rate decision.
The Fed announced that it has increased its policy rate by 75 basis points.
Following the unanimous decision, the policy rate rose to the range of 2.25-2.50%.
While emphasizing that they will be very careful against inflation risks, the Fed stated that the contraction of the balance sheet will be accelerated in September as planned. It was emphasized that the mortgage-backed securities reduction process will be increased to 35 billion dollars per month, and the treasury paper reduction process will be increased to 60 billion dollars per month.
The Fed also stated that they are strongly committed to the 2% inflation target.
Details are coming…
