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US Federal Reserve promises to raise interest rates by the end of 2023

2021-06-19T21:23:30.802Z


The US Federal Reserve is preparing the markets for a turnaround in interest rates. In addition, the Fed expects inflation rates to continue to rise.


The US Federal Reserve is preparing the markets for a turnaround in interest rates.

In addition, the Fed expects inflation rates to continue to rise.

Washington

 The US Federal Reserve is leaving borrowing rates unchanged despite the waning corona pandemic and rising inflation.

Interest rates will remain in the range of zero to 0.25 percent, the Federal Reserve announced on Wednesday evening German time.

However, for the first time since the crisis began, the monetary authorities indicated a turnaround in interest rates for 2023.

So far, the Fed had only aimed for a turnaround in interest rates in 2024.

At the same time, the central bankers expect inflation to rise to 3.4 percent this year. For 2022, the central bankers expect a decline to 2.2 percent. The turnaround in interest rates could have far-reaching effects on the stock markets.

More soon. 

Source: merkur

All news articles on 2021-06-19

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