The Federal Reserve follows the script: raises rates a quarter point and announces more increases

The Federal Open Market Committee (FOMC) of the United States Federal Reserve (Fed) has decided to unanimously approve an increase in the country's interest rates of

, until placing them in a target range between 4.50% and 4.75%, as reported this Wednesday.

The US labor market created 223,000 jobs last December.

On his side, unemployment fell two tenths to 3.5%, according to the Labor Department's Bureau of Labor Statistics.

In this way, unemployment recovers the minimum level reached before the pandemic and which, also, was its lowest rate in several decades.

The country's economy experienced growth of 0.7% of its GDP in the fourth quarter and 2.1% in the whole of 2022, the Bureau of Economic Analysis (BEA) has revealed.

Likewise, the personal consumption spending price index, the variable preferred by the Fed to monitor inflation, stood at 5% year-on-year last December and five tenths less than the previous month.

The monthly rate registered an expansion of 0.1%, without changes compared to the previous month, according to Europa Press.

The underlying variable, which excludes energy and food prices from its calculation due to their greater volatility, stood at 4.4%, three tenths less.

According to the criteria of The Trust Project

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