Business Highlights: Fed's rate hike, Wall Street's tumble
Published
WASHINGTON — The Federal Reserve extended its year-long fight against high inflation by raising its key interest rate a quarter-point despite concerns that higher borrowing rates could worsen the turmoil that has gripped the banking system. “The U.S. banking system is sound and resilient,” the Fed…
#federalreserve #treasury #tiktok #capitolhill #shouzichew #siliconvalleybank #creditsuisses #ubs #switzerland #chevroletcamaro