- The US Federal Reserve, commonly known as “the Fed,” is raised interest rates by 75 basis points for the third time this year.
- Economic tightening by increasing the cost of borrowing money by raising interest rates is a tool central banks can use to cool off the economy by lowering demand.
- In August, Powell also indicated that the Fed would be willing to accept recession in order to bring inflation under control.
US Federal Reserve raises interest rates by 0.75% 21.09.2022
