For the fifth time in a row: the US Federal Reserve leaves the key interest rate at a high level
The US Federal Reserve (Fed) will keep its key interest rate unchanged at a high level for the fifth consecutive time. It remains between 5.25 and 5.5 percent, as announced on Wednesday by the Central Bank Council in Washington.
Commercial banks can borrow money from the central bank at this rate. The decision was expected. The key interest rate remains at its highest level in more than two decades.
Since March 2022, the Federal Reserve has raised its policy rate by more than five percentage points at a record pace in the fight against inflation, but has recently stopped tightening the interest rate screw. Price inflation in the US had unexpectedly accelerated recently.
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