The Federal Reserve raised interest rates again 75 basis points in September or a significant interest rate hike again

Xinhua News Agency, Washington, July 27 (Reporter Xiong Maoling) The Federal Reserve announced on the 27th that 75 basis points raised interest rates, and raised the federal fund interest rate target range to 2.25%to 2.5%. This is the fourth interest rate hike this year, and it is also the second consecutive interest rate hike 75 basis points.

Federal Reserve's Federal Public Marketing Committee issued a statement after the two -day monetary policy meeting on the 27th, saying that the inflation rate is still high, reflecting the imbalances, rising energy prices, and wider price pressures related to the new crown epidemic; Russia Wu conflict and related incidents cause additional upper pressure on inflation. The committee "pays high attention to inflation risk" and will continue to significantly reduce the scale of the balance sheet.

According to a press conference held by the Federal Reserve President Powell after the meeting, in the next few months, the Fed will find evidence of "convincing" inflation and continues to increase interest rates. "Extraordinary interest rate hikes" may be appropriate. Powell stated for the first time in the 28th year of the Federal Reserve in June that 75 basis points have said that 75 basis points raised 75 basis points were extraordinary, and it is expected that the interest rate hikes at this scale will not often appear.

When asked if the US economy was in a recession, Powell replied that although the US economy has slowed down, the employment market is still strong, and he does not think that the United States has entered the economic recession. However, he also admits that the Federal Reserve to avoid recession and the "soft landing" path has narrowed, and it may become narrower.

The latest forecasts of the Egent Reserve Bank of the United States on the 27th show that the actual domestic product in the second quarter of this year will shrink by 1.2%by annual rate. According to data from the US Department of Commerce, the US economy shrinks 1.6%in the first quarter of this year. If Atlanta Fed's forecast becomes a reality, it means that the US economy falls into a technological recession.

Destmond Rachman, an economist at the American Institute of Enterprise Research, told Xinhua News Agency that so far, the Fed's tightening monetary policy has had a significant impact on the financial market. In the first half of the year, the stock and bond markets had encountered a sharp decline. Growth began to slow down. At the same time, the demand for housing has been significantly reduced due to rising interest rates and declined consumer confidence.

According to data from the US Department of Labor, the US Consumer Price Index (CPI) increased from March to May of more than 8%year -on -year, and CPI increased by 9.1%year -on -year in June, an increase of nearly 41 years.

[Editor in charge: Zhang Xinran]

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