Fed raises interest rates again despite banking sector turmoil

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Fed raises interest rates again despite banking sector turmoil

The Federal Reserve is raising interest rates in the United States to combat high inflation. Like the European Central Bank (ECB) last week, policymakers at the Fed in Washington are not fazed by the recent turmoil in the banking sector.

The Federal Reserve is raising interest rates in the United States to combat high inflation. Like the European Central Bank (ECB) last week, policymakers at the Fed in Washington are not fazed by the recent turmoil in the banking sector. ( (Photo by Aaron Schwartz/Xinhua))

Interest rates will rise again by a quarter of a percentage point. This is the ninth rate hike in a row.

Investors have recently become very concerned about the banking sector. These were caused by the collapse of the American banks Silicon Valley Bank and Signature Bank. The problems at the regional banks are said to have arisen because interest rates in the US have risen sharply in a short period of time.


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