Pablo Gil: “Powell’s growth in the US makes no sense”
We analyze the decision of the federal reserve from the hand of Pablo Gil, head of strategy at XTB
At a time when the Fed is following the course it had set in previous meetings. The US central bank has announced a rate hike of 75 basis points, to the level of 3%-3.25%, the third consecutive rise at this pace. The measure was approved unanimously.
The Fed has taken this measure after a summer in which the financial institution had stepped on the accelerator in its relentless fight against inflation. Only in the June and July meetings did it undertake two identical hikes of 75 points, taking interest rates to the range of 2.25%-2.5%. Following this new decision by the Federal Reserve, rates have reached the level of 3%-3.25%, the maximum of January 2008.
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