The Federal Reserve raised interest rates for the first time since July 2023 and penciled in an additional hike before the end of the year — steps aimed at containing inflation.
In his remarks after the Fed meeting, Chairman Kevin Warsh restated his concerns about inflation, saying too many categories of goods and services were showing annualized price gains above 3% on a 6- and 12-month basis.
The Bank of Japan also raised rates. Its hike came just three months after the BOJ’s previous increase. That marks the shortest interval between such moves since 1990, when the central bank’s rapid policy tightening played a key role in bursting Japan’s asset bubble.
Meanwhile, the Bank of England held rates steady but indicated tighter policy may be needed if inflationary pressures intensify because of war in the Middle East.
Here are some of the charts that appeared on Bloomberg this…
