The US Federal Reserve announced the fourth increase this year in the main interest rate, by 75 basis points.
In this context, the euro and Japanese yen rose following the US Federal Reserve’s decision to raise interest rates, and US stock indices recorded a decline due to the US Federal Reserve’s statements.
And the US Federal Reserve indicated, “Facing inflation requires us to continue the current measures for some time,” noting that “future inflation expectations remain stable despite the rise in current levels, and the level of interest rates in the end will be higher than previous expectations.”
In addition, the White House considered, “We trust the Fed’s fiscal policies to curb inflation,” noting that “the Fed is independent and US President Joe Biden trusts his fiscal policies to tackle inflation.”
