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%
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.


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