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The world is monitoring the US decision on interest rates

This month, there were 2 bank collapses in the US, which has raised concerns about the ‘s stability financial system’s stability.

The global economy has been stunned by a rapid spike in borrowing costs, driven by the US, which has sparked concerns regarding a painful decline known as a recession.

The US central bank is at the epicenter of the crisis.

Federal Reserve officials have been heading the charge to hike interest rates throughout the previous year as they struggle to control price increases that are hiking up the cost of living.

Only 2 weeks ago, Chairman Jerome Powell issued a warning, claiming fears that the stabilization of prices was slowing, and that the bank may have to hike interest rates higher and quicker than planned.

In the year coming up to February, price growth was 6%, which is significantly greater than the 2% rate generally seen as healthy.

Yet, many investors believe the Fed would be extremely eager to avoid shocking financial markets with a significant increase in light of the current banking crisis.

Several analysts predict that officials will hike interest rates by 0.25 percent, or even avoid raising them at all.

Despite the choice, Mr. Powell is in a challenging situation and has little hope of calming his numerous opponents.

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