US Federal Reserve chairman admits the possibility of another significant rate hike

“We expect that a further increase in the target rate range will be appropriate,” TASS quoted him as saying.

He noted that the pace of the rate increase still depends on incoming data and changing economic development forecasts.

“Another unusually significant raise may be appropriate at our next meeting.

This decision will depend on the data we receive,” Powell said.

Earlier it was reported that the US Federal Reserve raised its base interest rate by 75 basis points.

p. - up to 2.25-2.5% per annum.