The US Federal Reserve announced its fourth major interest rate hike this year, of 75 basis points.
Against this backdrop, the euro and the Japanese yen rose following the US Federal Reserve’s decision to raise interest rates, and US equity indices declined due to US Federal Reserve statements.
And the US Federal Reserve indicated: “Addressing inflation requires us to continue current measures for some time,” noting that “future inflation expectations remain stable despite rising current levels and the level of interest rates at the end will be higher than previous expectations “.
Furthermore, the White House considered: “We trust the Fed’s fiscal policies to curb inflation”, noting that “the Fed is independent and US President Joe Biden trusts its fiscal policies to fight inflation.”
