.jpg "11 big problems in science, technology, innovation and digital transformation of Hai Duong")
.jpeg "Difficult things should not be done carelessly.")
.jpg "Hai Duong traffic focus on May 10")
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On July 26, the US Federal Reserve (FED - central bank) raised interest rates by 0.25 percentage points after pausing in June, acknowledging the need for more measures to curb inflation.
US Federal Reserve Chairman Jerome Powell at a press conference announcing the Fed's interest rate hike, in Washington, DC, July 26, 2023
The rate hike was announced after the Fed's two-day policy meeting, which raised the federal funds rate, the basis for banks to calculate interest on overnight loans, to a new target range of 5.25% to 5.5% - the highest level in the past 22 years.
Earlier, on July 13, Christopher Waller, Governor of the Fed and a member of the Federal Open Market Committee (FOMC), expressed support for the central bank to conduct two more interest rate hikes this month and later this year to address rising inflation. In his statement, Governor Waller implied that he would be among those who support the above interest rate hike roadmap.
He said two more 25 basis point rate increases at the Fed's remaining four policy meetings would be needed to bring inflation back to its 2% target. Waller also said he supported the Fed's pause in June after banking turmoil in March.
According to VNA
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.jpg "Hai Duong completed the target of each locality building 15 new houses for policy families, poor and near-poor households.")
