Tag: Credit Suisse

Federal Reserve bows to bank-crisis fears with quarter-point rate hike, letting up a little in its fight against inflation

The Federal Reserve raised interest rates by a quarter-point on March 22, 2023, bowing to market expectations that it would temper its aggressive program of rate hikes amid a still-brewing banking crisis. The U.S. central bank lifted rates to a range of 4.75% to 5%, its ninth-straight increase since March 2022. As late as early […]

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