Inflation ( CCPI)1.5% (April 2024)
GDP4.5% (4Q 2023)
Unemployment4.3% (4Q 2023)
3M T-Bill Rate8.76%
12M T-Bill Rate9.29%
2Y T-Bond Rate10.00%/ 10.05%
4Y T-Bond Rate10.70% / 10.80%
USD/LKR299/300
Reserves $5.438Bn (April 2024)
Cum. Trade Deficit $1,229 Mn (March 2024 cumulative)
Cum. Fiscal DeficitLKR 2,320 Bn (Dec 2023)

United States Federal Reserve raised interest rates, the biggest increase since 1994

InternationalJun 16, 2022
United States Federal Reserve raised interest rates, the biggest increase since 1994
The Federal Reserve raised its key interest rate by 0.75%, the largest bump since 1994 to fight the rising inflation that rose last month to a four-decade high of 8.6%. The Fed’s benchmark short-term rate, that facilitate consumer and business loans, will now be pegged to a range of 1.5% to 1.75%. Policymakers forecast a doubling of that range by year’s end. Mr Powell said another 75-basis point hike, or a 50-basis point move, was likely at the next meeting of policymakers.

Disclaimer

Charts represents an assessment of the market environment as of the date indicated and it is subject to change; and is not intended to be a forecast of future events or a guarantee of future results. This information should not be relied upon by the reader as research or investment advice regarding the funds or any issuer or security in particular. The strategies discussed are strictly for illustrative and educational purposes and should not be construed as a recommendation to purchase or sell, or an offer to sell or a solicitation of an offer to buy any security. There is no guarantee that any strategies discussed will be effective.

The information presented does not take into consideration commissions, tax implications, or other transactions costs, which may significantly affect the economic consequences of a given strategy or investment decision. This document contains general information only and does not take into account an individual’s financial circumstances. An assessment should be made as to whether the information is appropriate in individual circumstances and consideration should be given to talking to a financial advisor before making an investment decisions.