United states Fed funds rate

 

Reducing inflation is likely to require a sustained period of below-trend growth but failure to restore price stability would mean far greater pain, Fed Chair Powell said during his speech at the Jackson Hole symposium. Fed Chair also said that another unusually large increase could be appropriate at next meeting, but the decision for September will depend on the totality of the incoming data and the evolving outlook. He also added that at some point, as the stance of monetary policy tightens further, it likely will become appropriate to slow the pace of increases. The Federal Reserve raised the target range for the fed funds rate by 75bps to 2.25%-2.5% during its July 2022 meeting, the fourth consecutive rate hike, and pushing borrowing costs to the highest level since 2019. source: Federal Reserve

source: tradingeconomics.com