The Fed is doing everything to reduce the high level of inflation and for the third time in a row, it raised interest rates by 0.75 points.
There’s still a good week ahead of us in the third quarter of this year, and if the numbers are anything to go by, the US economy either didn’t grow at all or at most grew slightly in the summer after a slight drop in output in the winter. spring What sounds like bad news is actually exactly the message the US Federal Reserve (Fed) was hoping for in Washington ahead of its regular key interest rate meeting this Wednesday. the goal of monetary authorities is to stimulate investment and consumer demand. It has weakened enough among Americans to keep growth, prosperity and the labor market from collapsing, but ultra-high inflation of 8.3 percent has recently been inching toward a target value of about two percent. Overly euphoric economic news will only get in the way.