The U.S. Federal Reserve, in collaboration with the Federal Open Market Committee (FOMC), announced a 25 basis points (bps) increase in the federal funds rate on Wednesday, as anticipated by the market. This marks the tenth consecutive interest rate hike since March 2022. FOMC open to additional policy firming The central bank raised the benchmark … Fed increases interest rate by 25bps, asserts ‘US banking system is sound and resilient’ Read More »
