Federal Reserve

The current interest rate development and its impact

In order to fight inflation, the key interest rates in the USA are currently being raised by the FED (= Federal Reserve System). The FED raised its key interest rate by 0.5% at the beginning of May 2022 and in June, by 0.75% – as much as in 1994. The “zero interest rate level” is expected to settle between 3% and 4% by 2023.