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The Federal Reserve reveals when to fully curb inflation

The Federal Reserve reveals when to fully curb inflation

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Answer The Federal Reserve reveals when to fully curb inflation

  • The Federal Reserve continues its policy of raising interest rates until inflation reaches 2% annually.
  • Bitcoin and digital currencies have been affected by the decisions of the Federal Reserve.

The Federal Reserve continues to move forward with a 75 basis point rate hike at yesterday’s Federal Open Market Committee meeting.

The 75 basis point rise was the more moderate of the two options presented to the Fed.

The CPI for August showed an inflation rate of 8.3% on an annual basis.

The Fed now expects that it can raise the inflation rate to 2% by 2025.

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The cryptocurrency market was somewhat affected after the Fed’s announcement.

Bitcoin and Ethereum both fell nearly 2% before rebounding.

However, the market collapsed again as the bitcoin price fell below the $19,000 level.

The Federal Reserve gives its inflation forecast:

The Fed believes it still has a long way to go in raising interest rates.

The Federal Reserve revealed that it expected to raise interest rates above 400 basis points by the end of 2022.

It also expects to reduce the inflation level to 5.4% by the end of 2022 and to 2.8% by 2023.

He believes inflation will eventually drop to the 2% target in 2025.

Svan Henrich, founder of Northman Trader, believes interest rates will be based on recession rather than inflation next year.

The World Bank also believes that the global economy will suffer a recession due to the tight monetary policies of global economies.

Heinrich believes that if Fed Chairman Jerome Powell does indeed follow in the footsteps of his predecessor Paul Volcker, the recession will be before the 450 basis point target is reached.

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Jerome Powell seemed evasive in his responses to recession questions.

He revealed that he had no expectations about the recession or its depth.

Earlier, the Fed denied any possibility of a recession.

When is the next rate hike?

All eyes are now on the next inflation data to be revealed by the CPI for September.

The next Federal Open Market Committee meeting will be held on November 2, 2022.

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