U.S. Fed Raises Interest Rate By 0.75%: ICICI Direct

U.S. Fed Raises Interest Rate By 0.75%: ICICI Direct

The Federal Reserve building in Washington, U.S. (Source: Joshua Roberts/Reuters)

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ICICI Direct Report

Key Highlights:

  • The U.S. Federal Reserve decided to raise interest rate by 75 basis points to a range between 1.5% and 1.75%

  • Federal Open Market Committee decided to continue its balance sheet reduction as announced in May 2022.

  • U.S. Federal Reserve officials project interest rate to rise to 3.4% by the end of this year and 3.8% in 2023.

  • U.S. Federal Reserve slashed its growth forecast and expects inflationary pressure to prevail this year.

Click on the attachment to read the full report:

ICICI Direct Fed Event Update.pdf
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This report is authored by an external party. BQ Prime does not vouch for the accuracy of its contents nor is responsible for them in any way. The contents of this section do not constitute investment advice. For that you must always consult an expert based on your individual needs. The views expressed in the report are that of the author entity and do not represent the views of BQ Prime.

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