US Federal Reserve Raises Interest Rates by 25 Basis Points Amid Global Banking Crisis

The US Federal Reserve on Wednesday raised interest rates by a quarter of a percentage point, but indicated it and signaled it’s not finished hiking, despite the recent turmoil in financial markets spurred by the collapse of two U.S. banks. It also noted that recent stress in the banking sector is likely to result in tighter credit conditions for households and businesses and to weigh on economic activity, hiring, and inflation. UK Inflation Rate Jumps to 10.4% in February 2023; Pressure on Bank of England To Raise Interest Rates.

US Federal Reserve Increases Interest Rates 

(SocialLY brings you all the latest breaking news, viral trends and information from social media world, including Twitter (X), Instagram and Youtube. The above post is embeded directly from the user's social media account and LatestLY Staff may not have modified or edited the content body. The views and facts appearing in the social media post do not reflect the opinions of LatestLY, also LatestLY does not assume any responsibility or liability for the same.)