The US Federal Reserve lived up to expectations and again raised interest rates by 0.75% to a range of 3-3.25%, the highest percentage since the beginning of 2008 after a third consecutive increase in the price of money by 75 basis points. . The Fed has announced that it will continue to push the price of money well above its current level.

In addition, according to forecasts released this Wednesday, the agency plans to raise the price of money by another 100 points this 2022 as it sets an interest rate ceiling of 4.4% by the end of this year.

The Fed’s goal is to bring inflation down to 2%, which was 8.3% in August. The market expected its growth and hopes that at the next meetings the body will continue to increase the price of money.

According to the forecasts of the Federal Reserve, there will also be rate hikes in 2023, but somewhat more moderate. Thus, at the end of next year, rates will be 4.6%. On the other hand, the agency plans to cut rates in 2024, as it sets them at 3.4%, and in 2025 at 2.9%.