The Federal Reserve System (FED), which is the central bank of the United States, increased the discount rate by 75 basis points (0.75%) at its meeting on September 21, 2022.

"APA-Economics" informs about this with reference to the official page of the regulator.

Thus, the discount rate was raised from 2.50% to 3.25%.

It should be noted that most of the stock exchanges expected the FED to increase by 75 basis points in this session.

In addition, the FED has increased the discount rate in six consecutive meetings during the year.