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US central bank, the Federal Reserve, raised interest rates by 0.75 percentage points again.

Interest rates in Korea and the US inverted again.

Correspondent Kim Jong-won of New York.



Correspondent Kim Jong-won, as the market expected, eventually raised the interest rate by 0.75 percentage points.

It's been uploaded 3 times in a row so far, and it's very unusual.



<Reporter> 



Yes, it is very unusual to raise the interest rate by 0.75 percentage points for the third time in a row.



The US started raising interest rates in March after continuing with zero interest rates, and has already raised interest rates by 3 percentage points in just half a year.



This is the fastest rate increase since the Fed adopted the current federal funds rate as the base rate in 1990.



But Fed Chairman Jerome Powell has nailed down that there will be no rate cuts until inflation is set, so listen for yourself.



[Jerome Powell/Federal Reserve Chairman: I think it is appropriate to continue raising interest rates in the future.

We will maintain the current policy stance until the inflation rate drops to the 2% level.]



The Fed's inflation target is in the 2% range, but the consumer price index for August announced recently showed that the inflation rate was 8.3% higher than the previous year. it was



This means that interest rates will continue to rise for some time to come.



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Did the New York stock market drop a lot?



<Reporter>



Yes, all three of the New York Stock Exchanges fell more than 1.7%.



The 0.75 percentage point increase today (the 22nd) was actually expected, but the stock market fell sharply like this.



With today's giant step, the US benchmark interest rate has now risen from 3% to 3.25%.



However, the Fed expects to raise interest rates to 4.4% by the end of this year and to 4.6% by the end of next year.



It shook the market as it was revised much higher than the previous forecast, and it is expected to have a big impact on Korea.



As of today's interest rate hike, the key interest rates in Korea and the US have inverted again.



This increases the risk of foreign capital leaving the country in search of higher interest rates.



The Bank of Korea, which raised interest rates for the first time in history, is now in a situation where it has no choice but to think about another rate hike.