The US Federal Reserve System (FRS) raised the key interest rate for the second time in a row by 75 basis points, to 2.25-2.5%.
The US regulator’s press release indicated that the committee aims to achieve maximum employment and 2% inflation over the long term. In support of these objectives, it has decided to raise the target range for the federal funds rate to 2.25-2.5% and expects further increases in the target range to be appropriate.
They stressed that the FOMC will continue to reduce its holdings of Treasury bonds, agency debt and mortgage-backed agency bonds.
The Federal Reserve intends to return inflation in the United States to the target level of 2%, it confirms in the press release.
On June 15, it became known that the Federal Reserve raised its benchmark interest rate by 75 basis points for the first time since 1994.
