The United States Federal Reserve (fed) has announced an increase in the official interest rate of 0.75 pointsto place the figure in a range between 3% and 3.25%, the highest level since 2008.

This Wednesday’s increase met the expectations of economists, who in the face of inflation in the United States, which stood at 8.3% in the month of Augustexpected the Fed to continue with its monetary policy, in an attempt to control the rise in prices.

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Its about fifth increase since March and the third consecutive increase of 0.75 points and more increases are not ruled out before the end of the year.

After a two-day meeting, the members of the Federal Open Market Committee of the Fed made this decision, which will be justified in the next few minutes by the president of the Reserve, Jerome Powell, at a press conference.

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Powell had already advanced last July, when he announced the previous rise, that in September there would possibly be another “unusually large increase” of the guys, a prediction that he has been reaffirming in his latest public speeches.

In various public events in recent weeks, he has insisted on the need to that the Fed continue with a restrictive monetary policy to lower prices and prevent citizens from getting used to high inflation. “We must act now frankly, forcefully, as we have been doing, and we must continue to do so until the job is done,” she said in a recent talk.

Inflation still does not subside enough

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This rise occurs a week after the latest inflation data was released, which showed that, although the year-on-year rate of the CPI fell two tenths in August, to 8.3%, in monthly terms prices rose one tenth compared to July.

Some data that shows that, for the moment, the series of interest rate hikes that the Fed has been implementing since March is still not having the desired impact on prices