The U.S. Federal Reserve on Wednesday for the second time in a row went for a sharp increase
the key rate - at a meeting that ended yesterday, it decided to raise the rate by 75 bps.
The US Federal Reserve decided to raise its key rate by 75 bp. A similar step was taken a month ago at the regulator's June meeting.
Market participants were
were ready for such an outcome - it coincided with analysts' expectations. Main
U.S. major stock indices reacted positively, finishing the trading
Dow Jones rose 1.37%, the S&P 500 rose 2.62%, the NASDAQ
4,06%.
The Fed made it clear that it is going to keep raising rates.
The reduction of assets on its balance sheet will take place in accordance with the
plan unveiled in May, according to its official
announcement.
Meanwhile, the IMF said a recession is unlikely to bypass
United States. As the fund's top economist explained,
the country's economy is in such a state that a
a small negative impact to seriously damage it and
and push it into recession. According to the Executive Board of the
of the organization, to avoid the latter is becoming increasingly difficult for the United States.