23 Hrs
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بوابة الشروق
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Source: بوابة الشروق
23 Hrsبوابة الشروق
Source: بوابة الشروق
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The US Federal Reserve is expected to raise interest rates for the first time in three years in an effort to curb rising inflation, despite President Trump's calls for a reduction. The current interest rate of 3.6% is anticipated to increase, amid uncertainty from the new Chairman of the Federal Reserve, Jerome Powell, who has not provided definitive signals about the next move. This step comes amid ongoing inflationary pressures driven by the escalation of the conflict with Iran and rising oil prices, with expectations that inflation will not decrease to the 2% target level in the near future. This signals a sharp shift in monetary policy, which could have significant effects on the economy and financial markets.
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