Despite Banking Crisis

Fed Raises Interest Rates Another 0.25 points and Does Not Rule Out Further Hikes


CC-BY-SA-2.0, FlickrReserva Federal de Estados Unidos (Adam Pagen)

Author: Funds Society, Miami

  1. The increase is 0.25 points and brings interest rates to 5%
  2. The Federal Reserve is “strongly committed to returning inflation to its 2 percent objective” and, in that context, re-announced an interest rate hike despite the banking crisis
  3. "The U.S. banking system is sound and resilient," the Fed said.