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Interest rates in the US: how the new high will affect Brazil

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Central banks round the world are elevating their curiosity rates

The Federal Reserve (Fed, central financial institution of the United States) on Wednesday (21/9) elevated the impression of the American economic system by 0.75 p.c, to a variety of three% to three.25%.

This is the fifth enhance this yr, and in consequence, the price has reached its highest degree since 2008, when the world monetary disaster broke out.

The collection of hikes is an try to comprise rising inflation, which is being pressured by the worth of gasoline and meals, as a result of the conflict in Ukraine and the issues brought on by the locked in response to Covid-19 in China.

Fed Chairman Jerome Powell mentioned the hikes had been wanted to sluggish demand, cut back pressures that may elevate costs and stop long-term injury to the economic system.

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