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Fed raises key interest rate by quarter-point despite bank turmoil

Por: Los Angeles Times Business March 23, 2023

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The Federal Reserve extended its yearlong fight against high inflation Wednesday by raising its key interest rate by a quarter-point despite concerns that higher borrowing rates could worsen the turmoil that has gripped the banking system. “The U.S. banking system is sound and resilient,” the Fed said in a statement after its latest policy meeting ended. At the same time, the Fed warned that the financial upheaval stemming from the collapse... + full article



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