Fed raises interest rate by 0.75%, aims to suppress economy, confident of not recession
Posted: Thu Sep 08, 2022 5:46 am
The Federal Reserve's (Fed) monetary policy Slot game, big lionเอ็กโอ วอลเลทslot, low bet, easy to play, outstanding and unique with the use of Avalanche / Cascading wins system, FreeSpins, FreeSpins Multiplier, Gamble, Megaways, Risk/Gamble (Double) game, Scatter symbols is another slot game. That has received reviews from around the world that it's easy to play, fun, tight quality. committee once again made history for the Fed. When the unanimous decision to raise the policy rate by 0.75% at the meeting on July 27, 2022, the interest rate rose to the range of 2.25-2.5%, marking an unusually high rate of 0.75% for the second time. Consecutively to curb inflation, the highest in more than 40 years, with June soaring to 9.1%.
The committee's statement indicated that Although indicators about spending and production weaken. But employment over the past few months has continued to be strong. The unemployment rate remains low. Meanwhile, inflation continued to rise due to the imbalance between supply and demand. including high food and energy prices as well as widespread price pressures.
Fed Chairman Jerome Powell added after the meeting: The Fed remains fiercely committed to lowering inflation. This will be followed by an impact on the economy in general. Including employment. However, the Fed thinks it is necessary to slow down economic growth this year. It is possible that the economy will expand below the long-term trend for some time.
“We think there is a need to keep the economy growing below its potential for a while. to slow down the economy,” the Fed chairman said. along with reiterating that Don't believe that the US economy is in recession right now. Although the first quarter was negative and expected that the second quarter will hardly expand
“Think about what regression is. It means declining growth for many industries over 2 months, but the current situation doesn't seem like that. Because the employment market sends a very clear signal about the strength of the economy. There are even parts of the economy that are growing too well.”