As Americans continue to feel burdened by higher costs for rental, housing and food, US consumer prices they have accelerated last month and has given a rise to possibilities that Federal Reserve was far from causing its interest rates hiking rates.

US inflation at a two year low, fed fears mild recession in 2023

The US Federal reserve has raised interest rates by a quarter percent. This comes amid the banking system turmoil that began on March 10. It was triggered by the collapse of Silicon Valley Bank in California. Leading to the biggest banking sector meltdown since the 2008 financial crisis. This is the ninth interest rate hike announced by the US Federal reserve in the last year. Jerome Powell, the chair of the federal reserve, said the Silicon Valley Bank collapse did not indicate wider weaknesses, in the banking system... And attributed the collapse to bad management...

US Federal reserve raises interest rates to counter growing inflation

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US inflation at a two year low, fed fears mild recession in 2023

US Federal reserve raises interest rates to counter growing inflation