The US Federal Reserve has increased the base rate by 50 basic points-from 0.25-0.5% to 0.75-1% per annum. In March, the department raised the rate on 25 basic points.
The last time the Fed raised the rate following the results of two consecutive meetings in 2006, and the rate of rate by 50 basic points has not been since 2000.
The Fed is forced to force the growth of interest rate against the backdrop of the record for 40 years of inflation: according to the results of March, it reached 8.5%. Federal Reserve tied the growth in inflation with pandemia and rising energy prices, writes Forbes.