The U.S. central bank (Fed) on Wednesday raised its main interest rate by a quarter of a percentage point, now between 5.25 and 5.50%, to the highest in 22 years, in the face of inflation, and after a pause at the previous meeting.
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Fed officials, however, did not specify in their statement whether they plan to continue raising rates in the coming months, or if this increase, the 11th since March 2022, could be the last. "The committee will continue to assess the additional information and its implications for monetary policy," the institution said in its statement.