According to Powell, the FED has this on the table and is planning to discuss it during the next meeting of the Federal Committee de Open Market, which will take place next May.
The president of the US Federal Reserve (FED) Jerome Powell said today that the agency would be considering raising interest rates even more, for which he says it is on the table the possibility of increasing them again by 0.5 percentage points or 50 basis points.
Interest Rates Could Rise
This was revealed by Powell during a presentation today at the International Monetary Fund (IMF) where he assured that the new increase in interest rates is a measure that will be submitted for discussion at the next meeting of the Federal Open Market an area or arena, online or offline, in which commercial dealings are conducted. Committee (FOMC) , la cual tendrá lugar el próximo mes de mayo. Tengamos presente que esta medida se inserta en los planes de la FED para abordar la inflación creciente en la economía estadounidense, la cual se sitúa en un 8,5% y pasó a convertirse en la más alta en los últimos 40 años.
In this regard, Powell commented:
“I would say there will be 50 basis points on the table for the May meeting…We really are committed to using our tools to get back to 2% inflation.”
Keep in mind that interest rates remained near zero until last March, when the first such increase of about 25 basis points (0.25 percentage points) since the pandemic began took effect. COVID-19.
The goal is to reduce inflation a general increase in prices and fall in the purchasing value of money.
Considered by some to be aggressive and by others to be very necessary, the measures and plans of the FED aim to address a place where cryptocurrency can be sent to and from, in the form of a string of letters and numbers. the rising inflation that is being felt in the local economy, which is already being felt in the price of certain basic products and services.
Al respecto, Powell indicó que esta y otras medidas son “absolutamente esenciales para restaurar la estabilidad de los precios”. Sin embargo, el directivo de la FED is not clear if this 8.5% is the highest inflationary peak that will be seen for now, but raises not to count on it but wait and see the effect that can have this and other measures:
“Realmente vamos a subir las tasas y llegar rápidamente a niveles que sean más neutrales y luego que sean realmente ajustados… si eso resulta apropiado una vez que lleguemos allí”.
Markets go down
Although the markets were already down on April 21, Powell’s announcement does not seem to have had a positive effect on reversing or reversing the trend.
At the time of editing, indexes such as NASDAQ, Dow Jones and S&P500 are down with declines of between 1% and 2%. For its part, the cryptocurrency cryptocurrencies are digital currencies that use cryptographic technologies to secure their operation. market also seems to follow the downward trend seen since midday, with exponents likeBitcoin, Ethereum a decentralized open-source blockchain with smart contracts functionality. and a good part of the main cryptocurrencies with falls of up to 4% in the last 24 hours.
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Version by Angel Di Matteo / DiarioBitcoin
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