As of July 28, 2022, the US Federal Reserve (FED) increased the policy rate by 75 basis points to 2.25-2.50 percent, in line with expectations, and stated that it would continue to increase interest rates. Thus, the total rate hike has reached 225 basis points since March.

The Federal Open Market Committee (FED) seeks to achieve maximum employment and inflation at the rate of 2 percent over the longer run.

Source: FED
Post by: Republic of Türkiye Ministry of Trade