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Fed boss Jerome Powell in Washington: In June he announced an increase in the key interest rate
Photo: JIM LO SCALZO/EPA
The US Federal Reserve (Fed) has decided on the further course of monetary policy - and raised the key interest rate again by 0.75 percentage points.
The decision was preceded by a two-day meeting.
It was already assumed that the Fed would raise interest rates in the fight against high inflation.
The key interest rate is thus in a range of 2.25 to 2.50 percent.
Interest rates well above three percent are expected by the end of the year.
The bank had already raised the key interest rate sharply by 0.75 percentage points in June in order to counteract the high rate of inflation in the USA.
The increase in June was even greater than originally planned – an increase of 0.5 percentage points had previously been assumed.
With the 0.75 percentage point, Fed Chairman Jerome Powell decided the US Federal Reserve's largest interest rate hike since 1994.
Government bonds remain stable ahead of the decision
The Dax had increased somewhat during the day before the new US interest rate decision – it gained 0.53 percent and rose to 13,166.38 points.
Meanwhile, German government bonds had only changed slightly in price.
The current yield on German Bunds fell from 0.85 percent the previous day to 0.81 percent.
The Bund future lost 0.04 percent to 155.81 points.
US government bonds had also hardly moved before the new Fed decisions.
At the start of trading, the futures contract for ten-year Treasuries (T-Note future) was roughly at the level of the previous day, while the yield on ten-year government bonds held up.
More soon at SPIEGEL.de.
kko/ani/dpa