At 1:30 a.m. on March 23 (Vietnam time), the US Federal Reserve (Fed) announced an increase in interest rates by 0.25%, exactly as predicted by many analysts. However, this agency admitted that the recent banking crisis may cause them to pause the campaign to raise interest rates earlier than expected.
As AZCoin News reported, the decision marks the Fed's ninth consecutive interest rate hike to combat inflation. Raising interest rates from 4.75% to 5%, the highest level since September 2007.
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