US Federal Reserve Raises Interest Rates by 25 Basis Points, Tenth Consecutive Increase Since March 2022
The US Federal Reserve, in its meeting held today, raised interest rates by 25 basis points.
Washington [US], May 4: The US Federal Reserve, in its meeting held today, raised interest rates by 25 basis points (bp). US Federal Reserve Hikes Interest Rate by Quarter-Point to Curb Inflation Amid Banking Turmoil.
The decision sets the US Central Bank's benchmark overnight interest rate to the 5.00 per cent - 5.25 per cent range, the tenth consecutive increase since March 2022. (ANI/WAM)
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