2023-05-04 05:14:24
Published on :
The US Federal Reserve on Wednesday May 3 announced a tenth consecutive rate hike in the hope of curbing inflation in the United States. Despite signs of the economy running out of steam, the US central bank announced a quarter-percentage-point hike.
With our correspondent in Miami, David Thomson
Its main policy rate is now between 5 % et 5,25 % that’s to say highest since 2006. This new increase is the tenth in a row decided by the American central bank since March 2022, to avoid overheating.
An increase of a quarter of a percentage point which further increases the cost of credit in the United States for both households and businesses.
And at US central bank raises interest rates, it is still to slow down economic activity and therefore the rise in prices. Observers now expect a pause in this rate hike campaign.
However, ” we think inflation is not going to come down anytime soon ” concedes Jerome Powell, the boss of the Fed who is still aiming bring inflation down to 2% : it is currently more than twice as high as this objective.
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