The opening value of the us currency It was $4,050.
In turn, the minimum price is $4,039, while the maximum price is $4,067.78.
This behavior occurs after the president of the Federal Reserve by United States (Fed), Jerome Powellwill confirm this Wednesday that interest rates will remain high for as long as necessary, until the inflation is reduced to the 2% target and remains steadily low.
The fed will maintain a monetary policy stance that is sufficiently restrictive to inflation sustainable to 2% over time” and rates will remain high “until we are confident that inflation is moving toward that goal,” Powell said.
This was stated at a press conference afterwards fed announced a new pause in interest rate increases, after eleven consecutive increases since March last year. The rates therefore remain at the current level of 5.25% and 5.5%, the highest level since then 2001.
Source: El heraldo
Roy Brown is a renowned economist and author at The Nation View. He has a deep understanding of the global economy and its intricacies. He writes about a wide range of economic topics, including monetary policy, fiscal policy, international trade, and labor markets.
