The Fed meeting begins, which could choose to raise rates again, despite the turbulence

The United States Federal Reserve (fed) begins this Tuesday its two-day meeting of the Federal Open Market Committee (FOMC), where it must decide whether to continues with its rate hike policy to curb inflation. The Silicon Valley Bank (SVB) debacle, intervened and renamed by the US authorities, has generated fear in the country’s financial markets, whose echoes have also reached Europe, with the Credit Suisse crisis, absorbed by the main Swiss bank UBS .

In the midst of the outbreak of the SVB, analysts believed that the regulator led by Jerome Powell was going to step on the brakes and decide to pause the increases until the markets stabilized. Goldman Sachs itself ruled out that a week ago the Federal Reserve was going to raise rates. However, as the appointment has been approaching, the positions have been changing.

Thus, according to the most of the economists consulted by Financial Timesthe fed will raise rates by 0.25%.

Powell He will announce his decision tomorrow., Wednesday. If he raises rates, it will be the ninth consecutive rise in the last year in a series of increases carried out to contain inflation. The last one, announced in February, was for a quarter of a point and with it interest rates stood at a range of 4.5% and 4.75%, the highest percentage since September 2007.