Inflation in the US: the Federal Reserve raised the reference rate 0.75% for the third consecutive time

The Federal Reserve building in Washington, USA (REUTERS / Leah Millis) (LEAH MILLIS /)

The United States Federal Reserve (Fed) announced this Wednesday an increase in the official interest rate of 0.75 pointsthe fifth increase from March and third in a row of three quarters of a point, in a new attempt to control the inflation.

The US central bank met the expectations of economists and the official interest rate of the world’s largest economy now stands at a range of between 3% and 3.25%, the highest level in the last 14 years.

After a two-day meeting, the members of the Federal Open Market Committee of the Fed made this decision, which will be justified by the president of the Reserve, Jerome Powellat a press conference.

Powell had already anticipated last July, when he announced the previous rise, that in September there would possibly be another “increase unusually large” of the guys, a prediction that he has been reaffirming in his latest public speeches.

In various public events in recent weeks, he has insisted on the need for the Fed to continue with a restrictive monetary policy to lower prices and prevent citizens from getting used to high inflation, which in August stood at 8.3 percent.

“We must act now with franknesswith strengthas we have been doing, and we must continue to do so until the job is done,” he said in a recent talk.

This rise occurs a week after the latest data for inflationwhich showed that, although the interannual rate of the CPI fell two tenths in August, until the 8.3%In monthly terms, prices rose one tenth compared to July.

Data that shows that, for the time being, the series of interest rate hikes that the Fed has been implementing since March is still not having the desired impact on prices.

(With information from EFE)

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Source-www.infobae.com