March 22 () –
The Federal Open Market Committee (FOMC) of the United States Federal Reserve (Fed) has decided to approve a rise in the country’s interest rates of 25 basis points, until placing them in a target range between 4.75% and 5%, as reported this Wednesday.
UNEMPLOYMENT AND INFLATION
The US labor market created 311,000 jobs during the month of February. On his side, unemployment rose two tenths to 3.6%, according to the Labor Department’s Bureau of Labor Statistics.
In this way, unemployment in the US moved away from the minimum registered in January, when 517,000 jobs were created and unemployment reached 3.4%, which was its lowest rate since 1969.
The economy of the world’s leading economy experienced annualized growth of 2.7% of its GDP in the fourth quarter and 2.1% in the whole of 2022, revealed the Bureau of Economic Analysis (BEA, for its acronym in English). .
Likewise, the personal consumption spending price index, the Fed’s preferred variable for monitoring inflation, stood at 5.4% year-on-year in January and four tenths more than the previous month. The monthly rate registered an expansion of 0.6%, five tenths more.
The underlying variable, which excludes energy and food prices from its calculation due to their greater volatility, stood at 4.7%, three tenths more.