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US interest rates increased despite worst banking turmoil since 2008
Credit: Sky News- Published on March 22, 2023
The Federal Reserve - the US central bank, known as the Fed - has increased interest rates for the ninth time in a row.
Video credit: Oneindia
Published on March 23, 2023 - 02:30
US Federal Reserve raises interest rates a quarter-point amid banking turmoil | Oneindia News
Despite the string of bank failures in the U.S, the US central bank has raised interest rates again, despite fears that the move could add to financial turmoil. The Federal Reserve increased its key rate by 0.25 percentage points, calling the banking system "sound and resilient".
#USFederalReserve #InterestRates #USBanksFailure
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