US Fed announces latest interest hike in wake of banking turmoil
Al Jazeera, 23 Mar 2023
The United States Federal Reserve has announced its latest interest rate hike, a move aimed at lowering inflation by making borrowing more expensive for consumers.
The increase of a quarter of a percentage point on Wednesday sets the US central bank’s benchmark overnight interest rate in the 4.75 to 5 percent range, its highest level in 15 years.
Al Jazeera’s Heidi Zhou-Castro reports from Washington, DC.
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#FedReserve #FederalReserve #InterestRate #SVBBank #SVBCollapse #CreditSuisse #SignatureBank #StockMarketCrash #Finance #Banks #WallStreet
The increase of a quarter of a percentage point on Wednesday sets the US central bank’s benchmark overnight interest rate in the 4.75 to 5 percent range, its highest level in 15 years.
Al Jazeera’s Heidi Zhou-Castro reports from Washington, DC.
Subscribe to our channel: http://bit.ly/AJSubscribe
Follow us on Twitter https://twitter.com/AJEnglish
Find us on Facebook https://www.facebook.com/aljazeera
Check our website: http://www.aljazeera.com/
Check out our Instagram page: https://www.instagram.com/aljazeeraenglish/
#FedReserve #FederalReserve #InterestRate #SVBBank #SVBCollapse #CreditSuisse #SignatureBank #StockMarketCrash #Finance #Banks #WallStreet
