US Fed raises rate of interest by 0.25% Emphasis on controlling inflation after financial institution failures | NHK

The FRB = Federal Reserve Board, which is the central financial institution of the United States, held a gathering to resolve financial coverage and introduced that it determined to boost rates of interest by 0.25% on the third. The second largest financial institution failure in historical past occurred simply earlier than, however it’s a type that emphasizes preserving inflation down. The Fed has raised rates of interest 10 occasions in a row because it lifted its zero rate of interest coverage in March final 12 months.

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