Azerbaijan news
The Fed has raised the discount rate to a record level
The US Federal Reserve System (FRS) has raised the discount rate by 0.75%.
This is stated in a press release of the organization.
Thus, the discount rate was raised to 1.50%.
This is the largest interest rate increase since 1994.
The Fed also cut its forecast for US GDP growth in 2022 from 2.8% to 1.7%.
The Fed also cut its forecast for US GDP growth in 2022 from 2.8% to 1.7%.
In addition, the Fed raised its forecast for the US unemployment rate in 2022 from 3.5% to 3.7%, and in 2023 from 3.5% to 3.9%.
The inflation forecast was raised from 4.3% to 5.2%.