The US Central Bank officially hints at raising interest rates in March

Tech stocks in the US, including Microsoft and Tesla, led the US stock market declines yesterday.

This came after requests from Federal Reserve officials to raise interest rates to prevent inflation from taking hold in the US economy.

The most important statement was made by Lael Brainard, who was appointed by US President Joe Biden to take up the post of Vice President of the Federal Reserve, where he said the Fed could raise interest rates starting next March.

He noted that fighting inflation and bringing it back to 2% while maintaining the overall recovery is the Fed’s most urgent task.

Most expectations indicate that the US Federal Reserve will raise interest rates 4 times quest’year.

Rising interest rates are expected to lead investors to value stocks, which tend to be more cyclical and provide short-term cash flows.

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