An American network: The recent federal decision will raise home and car premiums by 10%

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An American network: The recent federal decision will raise home and car premiums by 10%

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Today, Wednesday, the American “CNBC” network reviewed the consequences of the US Federal Reserve’s decision, which it took hours ago, to raise interest rates by 25 basis points for the eighth time in a row, noting that it will raise the interest on installments and home and car loans for Americans by 10%.[/size]
[size=45]And the American CNBC network indicated in its translation report (Baghdad Today), that the US Federal Reserve, in its continuous attempts to combat inflation, decided to raise the interest rate on the dollar by about 25 basis points, which led to raising the interest on US debts for individuals from home loans. And even car premiums to rates exceeding ten percent.[/size]
[size=45]The Reserve Board, according to what was announced on its official website, is expected to hold a major meeting on Friday, the tenth of this month, February, to discuss the effects of decisions related to combating inflation, including raising interest rates, after issuing raising decisions that were repeated eight times during the past few months, amid Expectations of continued inflation, despite the Council's decisions.[/size]
[size=45]The US dollar has been suffering for some time from significant inflation, which led to a decline in the use of the dollar in many countries of the world, which are now looking for another foreign currency, the most important of which is the Chinese yen for international trade transactions, which raised Washington's concern about losing the dollar's control over the global economy.[/size]
[size=45]The US Federal Reserve decided today, Wednesday, to raise interest rates for the seventh time since last year 2022, and for the highest rate in the last 15 years.[/size]
[size=45]International media quoted Reuters as saying, “The US Federal Reserve raised interest rates by 25 basis points to a range of 4.5-4.75 percent, during its meeting held today in this regard.[/size]
[size=45]The rate of 4.75% is the highest interest rate in the last 15 years, while experts believe that this will lead to a stronger dollar, lower inflation and higher gold prices.[/size]
[size=45]The last meeting of the US Federal Reserve, on December 14, witnessed a hike in interest rates by about 50 basis points, or 0.5%, which is the first rate easing since March 2022, to record levels ranging between 4.25% and 4.50%.[/size]
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