The US Central Bank Federal Reserve raised interest rates once again on Wednesday night. The rates have increased by 25 basis points and now the interest rate in America has increased from 4.75 percent to 5 percent.
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The US Central Bank Federal Reserve raised interest rates once again on Wednesday night. The rates have increased by 25 basis points and now the interest rate in America has increased from 4.75 percent to 5 percent. The US Fed chairman has also indicated further hikes in the future, but he also told that during the meeting regarding the hike in interest rates, it was also discussed whether the rates should be increased or not in view of the bank crisis. After this statement of the US Fed chairman, the US currency dollar softened and gold prices saw a jump.
