The US Federal Reserve raised the base rate to 4.5-4.75% per annum
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The US Federal Reserve decided to raise the base rate again, this time it increased by 0.25 percentage points to 4.5-4.75% per annum, informs press service of the regulator.
The Fed noted that the increase in the base rate will continue in the future, as it is necessary to form a stable monetary policy that can return inflation to the 2% target.
The latest macroeconomic data suggests a modest increase in consumer spending and industrial production, it added. The labor market has shown positive dynamics in recent months, the unemployment rate remains low. At the same time, high inflation remains in the United States, although it has slowed down a little recently. Thus, the Fed described the factors that influenced the decision on the rate.
Earlier it was reported that the consumer price index (CPI) in the US in December decreased by 0.1% compared to November, when, on the contrary, its increase by 0.1% was recorded. In annual terms, consumer prices rose by 6.5%
Annual inflation continued to slow down after 7.1% in November, 7.7% in October and 8.2% in September and a June high of 9.1%, showing the smallest increase since October 2021.
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