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US Fed, Undaunted By Recent Banking Problems, Raises Interest Rate

US Fed, Undaunted By Recent Banking Problems, Raises Interest Rate  

23 Mar, 2023  

Washington, March 23 (IANS) The US Federal Reserve on Wednesday raised interest rate by 25 basis points, which is modest compared to previous hikes aimed at curbing inflation but came amidst uncertainty about the banking system that has taken a hit in the last few weeks triggering fears of a larger problem.