នេះ សន្ទស្សន៍អេស & ភី ៥០០ is up nearly 3.0% on Wednesday after the U.S. Federal Reserve announced its biggest rate hike since 1994.
A brief recap of the FOMC meeting
- Benchmark interest rates raised by 75 basis points
- A 50 – 75 bps increase expected in the July meeting
- Year-end target for the federal funds rate lifted to 3.4%
- Outlook for economic growth in 2022 lowered to 1.7%
The benchmark rate is now in the range of 1.5% to 1.75% – highest since the first quarter of 2020. FOMC remains confident that headline inflation will come down sharply in 2023 to 2.6%. Chair Jerome Powell said:
I do not expect moves of this size to be common. But we’ll make decisions meeting by meeting and we’ll continue to communicate our thinking as clearly as we can. We want to see progress. If we don’t see progress, that could cause us to react.
Expert reacts to the 75-bps increase
Reacting to the rate hike on "អាហារថ្ងៃត្រង់ថាមពល" របស់ស្ថានីយទូរទស្សន៍ CNBC, John Bellows (Portfolio Manager at Western Asset) said there’s a risk that a 75 basis points increase will prove out to be a mistake.
Fed is responding to last week’s CPI print that, at least parts of it, tend to be backward looking. So, the risk is, they’re responding to backward-looking indicator while forward-looking indicators do signal a turn in activity and probably in prices.
U.S. inflation hit ខ្ពស់សែសិបឆ្នាំថ្មី។ of 8.6% in May versus the Dow Jones estimate of 8.3%.
ប្រកាស Fed បានបង្កើនអត្រា 75 bps: 'ពួកគេកំពុងឆ្លើយតបទៅនឹងសូចនាករមើលទៅក្រោយ' បានបង្ហាញខ្លួនជាលើកដំបូង អ៊ីនវេស.
Source: https://invezz.com/news/2022/06/15/fed-raised-rates-by-75-bps-theyre-responding-to-backward-looking-indicator/