The Federal Reserve raised interest rates by 0.75 percentage points for the third time in a row. The new range is now from three to 3.25 percent. The European Central Bank is likely to follow suit again in October.
Vienna. Partial mobilization of Russian forces dominated global politics on Wednesday, which was dominated by the Russian president Vladimir Putin Announced early via video speech. But for global financial markets, this political event was of secondary importance. Some arms manufacturers, such as German companies, reacted Rheinmetall and Hensoldt, each with an increase of about ten percent. In general, however, financial markets have been waiting for an interest rate decision from the US Federal Reserve feed it In the evening.
As expected by most analysts beforehand, there is again an increase of 0.75 percentage points in the range between three and 3.25 percent. The Fed had already raised interest rates by this amount at its June and July meetings.
Inflation is declining, but very little
It wasn’t a full percentage point. Sweden’s Reichsbank implemented such an unusually large increase only on Tuesday. If the US Federal Reserve follows this example, it will send a particularly strong signal that inflation remains very high, according to economists in the run-up to the interest rate meeting.
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