The Federal Open Market Committee (FOMC) of the Federal Reserve The United States raised the federal funds rate by a quarter of a percentage point at the third scheduled monetary meeting of the year.
In a unanimous decision, the Committee raised the rate to a level not seen since June 2006, from 5 to 5.25 points, which has left behind 4.75% to 5 points.
Analysts agreed on an increase of this magnitude, and according to Morgan Stanley strategists, this range will become the terminal rate for the cycle that began 14 months ago. According to the analysis of the investment bank, the Committee will indicate the beginning of a pause in the cycle that will allow us to see the impact of the 500 points that the rate has raised since March of last year.
The Fed Chairman’s press conference begins in 20 minutes Jerome Powell where he will give details about this decision and the steps to follow.
(Note in development)
