The Fed is doing all it can to bring down the high inflation rate and is raising interest rates by 0.75 points for the third time in a row.
Of
Claus Hulverscheidt
There is still a good week to go, the third quarter of this year, and if the indicators are not misleading, then the US economy has not grown at all or at most only slightly in the summer after the slight decline in production in winter and spring. What sounds like bad news is in fact exactly the message that the US Federal Reserve (Fed) in Washington had hoped for before the start of its regular key interest rate meeting this Wednesday: the goal of the monetary authorities is to stimulate investment and consumer demand among Americans dampened to such an extent that growth, prosperity and the labor market did not collapse, but the extremely high inflation rate of 8.3 percent recently fell step by step towards the target value of around two percent. Overly euphoric economic news would only be a hindrance on this path.