The US central bank will most likely raise its key rate by 75 basis points on Wednesday evening.
The many public comments from the members of its monetary committee over the past few weeks show a broad consensus to proceed with a fifth consecutive strong increase in Fed Funds since May.
This would bring between 3.75% and 4% this rate at which it allows banks to lend liquidity in the very short term, and whose increase affects the entire cost of credit.
The Fed's reasoning is simple.
The US economy is still at full employment, with an unemployment rate of 3.5%, while core inflation, which excludes energy and food prices, has reached 6.6% over the last twelve months and hardly weakening.
In this context, as long as the spread of price increases to rents, wages and other services, such as transport, does not mark a slowdown...
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