At a time when we experience economic fluctuations and difficult times, we listen with our ears to all the news on this subject. But most of this news is obviously not the news we expected.

Last month, eyes turned to the Fed for another rate decision and news of the expected rate hike came out. With the Fed decision, the highest rate hike since 2000 was achieved and an increase in the dollar, euro and gold prices was observed in a short time. Today came another similar news from the Fed.

Highest rate hike in 28 years

With the rate hike announced by the US Federal Reserve (Fed), interest rates Increased by 75 basis points. In recent months, interest rates have increased by 50 basis points, the highest increase since 2000. However, the Fed added another to these historic hikes today. The 75 basis point increase was the highest rate hike in 28 years.

In our previous news, we told you that Fed members expect 4 more rate hikes this year. Today’s Fed Members’ Votes Raise by 10 to 1 was in the direction. The next Fed rate hike decision is expected to be announced on July 27.