The news is being updated
On Wednesday, May 3, the US Federal Reserve System (FRS) raised key rate range by 25 basis points, up to 5–5.25% per annum.
The decision coincided with market expectations. According to the Fed, US inflation remains high. The agency still intends to return the figure to 2%.
“Economic activity grew at a modest pace in the first quarter. In recent months, job growth has been robust and the unemployment rate has remained low. Inflation remains high,” the press release says.
On April 12, the US Federal Bureau of Labor Statistics published a report on consumer prices. The index value turned out to be slightly better than analysts’ expectations – growth in April amounted to 0.1% in monthly terms and 5% in annual terms.
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Cryplogger Newsletters: Keep your finger on the pulse of the bitcoin industry!
The news is being updated
On Wednesday, May 3, the US Federal Reserve System (FRS) raised key rate range by 25 basis points, up to 5–5.25% per annum.
The decision coincided with market expectations. According to the Fed, US inflation remains high. The agency still intends to return the figure to 2%.
“Economic activity grew at a modest pace in the first quarter. In recent months, job growth has been robust and the unemployment rate has remained low. Inflation remains high,” the press release says.
On April 12, the US Federal Bureau of Labor Statistics published a report on consumer prices. The index value turned out to be slightly better than analysts’ expectations – growth in April amounted to 0.1% in monthly terms and 5% in annual terms.
Found a mistake in the text? Select it and press CTRL+ENTER
Cryplogger Newsletters: Keep your finger on the pulse of the bitcoin industry!