Arab Steel Summit
Arab Steel Summit
Arab Steel Summit

US Federal Reserve raises interest rates by 75 points … the largest increase since 1994

The US Federal Reserve decided to raise interest rates by 75 basis points, which comes as a continuation of the monetary tightening policy pursued by the United States in an attempt to alleviate the pressures caused by the acceleration of inflation rates that jumped to their highest levels since 1981 during last May.
The last time the Federal Reserve raised rates at that pace was under Alan Greenspan’s leadership in 1994.
Today’s interest decision came in line with the expectations of major global banks, including “Goldman Sachs Group”, “JP Morgan Chase & Co” and “Barclays”.
And last May, the “American Fed” had decided to raise the interest rate by 50 basis points, which is the largest rate hike in the United States since 2000, after it raised it by 25 basis points last March, and it was the first time that it decided to raise interest rates. Since 2018.


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About AISU

Arab Iron and Steel Union was established in Algeria in 1972 as the first Arab Union of the Arab countries to be founded under the Council of Economic Unity umbrella in the League of Arab States.

It is the first Arab organization to specialize in the iron and steel field, and its tasks fall within making plans aimed mainly at developing and growing the iron and steel industry in the Arab world.

Arab Iron and Steel Union comprises a wide range of multi-activity companies related to the iron and steel industry from the Arab countries.


92 Members

28 Board of Directors

17 Country

300.000 Employees

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