United States · Economy ·
Federal Reserve raises target range to 3.75%–4%
The Fed voted unanimously on September 16 to raise its target range by a quarter percentage point, citing elevated inflation.
Pourquoi c’est important
The change may affect the US dollar, bonds and global financing costs. It is not a Bank of Canada decision and does not automatically change Canadian borrowing rates.
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The Federal Open Market Committee voted 12–0 to raise the federal funds target range by 0.25 percentage points to 3.75%–4%. It described economic activity and investment as resilient while maintaining its 2% inflation objective.[1]
The implementation note makes the associated operational changes effective September 17 and raises interest on reserve balances to 3.90%.[2] This is a US policy decision, not a Bank of Canada rate announcement.
La traduction dans cette langue est temporairement indisponible. La version originale lisible est affichée ci-dessous.
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