The US Federal Reserve (Fed) kept the June 2023 rates unchanged at 5.25.
According to the announced decision, the US Federal Reserve (Fed), as expected, kept interest rates unchanged at 5.25. The increase in interest rates to 5.25 last month was seen as a threshold in overcoming some crises in the USA.
Fed Announces Its June Rate Decision
The US Federal Reserve (Fed) announced its interest rate decision for May. The Fed made the decision that the markets expected and increased interest rates by 25 basis points. However, interest rates in the USA rose to 5.25 points. The Fed’s decision was announced by Chairman Jerome Powell.
Fed Chairman Jerome Powell shared his interest rate decision in a statement today. However, interest rates in the US remained stable at 5.25 basis points.
Last year, the Fed went to a policy of increasing interest rates to fight inflation. However, the Fed, which did not make any concessions from its “hawk stance”, increased the US interest rate up to 5.25 basis points. The purpose of these increases was for the final inflation target of 2 percent.
While the Fed’s policy of increasing interest rates was not welcomed by some circles in the USA, the US Federal Reserve did not abandon its stance and increased interest rates. However, the US faced some minor banking crises.
