The Fed raises interest rates again despite the stress hitting the banking system
The Federal Reserve raised interest rates for the ninth time in a row on Wednesday, opting to continue its campaign against high inflation despite stress in the banking industry following the collapse of two regional banks.
Fed policymakers voted unanimously to raise their benchmark interest rate by a quarter percentage point to just under 5%, which will make it more expensive for people seeking car loans or carrying a balance on their credit cards.
The Fed raises interest rates again despite the stress hitting the banking system
Fed Minutes Series #1: https://thrive33.com/jackson-hole-what-is-the-event-and-why-is-it-so-important/
Fed Minutes Series #2: https://thrive33.com/fed-minutes-series-2-full-recap-of-the-latest-fed-rate-hike-november-2022/
Fed Minutes Series #3: https://thrive33.com/fed-minutes-series-3-understanding-the-federal-funds-rate/
