Published
The US Federal Reserve raised the interest rate by 0.25% on Wednesday as it battles stubborn inflation and a banking crisis, which has pushed the central bank into taking its largest emergency actions since the onset of the pandemic.
The rate hike brings the Fed's policy rate, the federal funds rate, to a new range of 4.75%-5%, the highest since October 2007.
Robert Scott is a Financial Analyst and a former Senior International Economist at the Economic Policy Institute.
He joins us live from Rockville, Maryland to discuss the latest updates.
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#FedReserve #FederalReserve #InterestRate #SVBBank #SVBCollapse #CreditSuisse #SignatureBank #StockMarketCrash #Finance #Banks
The rate hike brings the Fed's policy rate, the federal funds rate, to a new range of 4.75%-5%, the highest since October 2007.
Robert Scott is a Financial Analyst and a former Senior International Economist at the Economic Policy Institute.
He joins us live from Rockville, Maryland to discuss the latest updates.
Subscribe to our channel: http://bit.ly/AJSubscribe
Follow us on Twitter https://twitter.com/AJEnglish
Find us on Facebook https://www.facebook.com/aljazeera
Check our website: http://www.aljazeera.com/
Check out our Instagram page: https://www.instagram.com/aljazeeraenglish/
#FedReserve #FederalReserve #InterestRate #SVBBank #SVBCollapse #CreditSuisse #SignatureBank #StockMarketCrash #Finance #Banks
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