Watan Al-Youm – The US Federal Reserve on Wednesday, after its two-day meeting, raised interest rates by 25 basis points, despite tensions in the banking sector following the collapse of Silicon Valley Bank and other banks.
After today’s decision, interest rates in the United States will be between 4.75% and 5%.
This is the second time in a row that the Fed has raised interest rates by 25 basis points, after it raised interest rates by 50 and 75 basis points in its previous meetings.
The Fed seeks to counter high inflation in America, and the annual inflation rate recorded 6% in February and is still well above the US Fed’s target of 2% in the medium term.
