The US central bank (Federal Reserve) raised interest rates by 0.25 percent, after which interest rates reached a 16-year high.
According to foreign media reports, the US Federal Reserve has raised the interest rate from 5 to 5.25 percent, the 10th increase in the interest rate in the United States in a little more than a year.
Experts believe that interest rates will not be increased for some time to come.
According to reports, the US Federal Reserve is targeting an annual inflation rate of 2 percent, after the recent hike in interest rates that has hit a 16-year high.
In the past few days, the US Treasury Secretary had warned that if the debt limit is not increased, the United States will be bankrupt by June 1. Congress should increase the debt limit or suspend the limit.
Remember that Silicon Valley Bank and Signature Bank have gone bankrupt in America.