The much awaited Fed rate decision has been announced. The Fed, which took a break for the first time in June after raising interest rates 10 times in a row and did not raise interest rates, continued its tightening policy. The institution increased the interest rate by 25 basis points to between 5.25% and 5.50%.

Fed Chairman Powell, in his speech in June, said that he thinks it is right to increase interest rates “at least 1-2” more throughout 2023. Powell stated that they no longer have to go fast, but that it is too early to finish the rate hikes in the short term.
As it is known, the figures for June in inflation also came out better than expected, and even the core inflation, which resisted falling, fell more than expected. All this caused the markets to hope that the Fed would not raise interest rates once again, but the institution once again showed how serious it is about tightening.
There will be no Fed rate decision in August. In other words, the markets will pass this period without any increase or decrease in interest rates. Experts stated that this gap could also be positive for the market.
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