Experts expect the Fed to raise the rate to 5-6% at the next meeting

The American regulator is ready to return to high rates of rate hike, and its maximum is likely to exceed market expectations. This was stated by Fed Chairman Jerome Powell during his speech at the US Senate Banking Committee on March 7. Keeping the rate high is appropriate for some time, and premature monetary easing (MP) is not desirable, he added.

Following the results of the last meeting on February 1, 2023, the Fed increased the rate by 0.25 percentage points to 4.5–4.75% per annum. The current forecast provides for the achievement of a rate of 5-5.25%, while it can be adjusted at the next meeting on March 22.