The US Central Bank Cautiously Raised Interest Rates

IranGate
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The US Central Bank Cautiously Raised Interest Rates

The US Federal Reserve cautiously raised the interest rate

The US Federal Reserve once again increased the interest rate in the country by 0.25% in an attempt to curb the ongoing rise of inflation. However, this interest rate hike, which is the ninth in the past year, coincides with the announcement of bankruptcy of two banks in California, heightening concerns over an economic recession and crises in industries such as construction.

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