The Federal Reserve approved another quarter-point interest rate increase on Wednesday, marking the central bank's tenth consecutive rate hike in its effort to curb persistent inflation despite recent troubles in the banking system.The move raises the benchmark federal-funds rate to a range between 5% and 5.25%the highest level since 2007at a time when bank customers are already feeling anxious after a string of recent bank failures.
#possibility #small-businesses #silicon-valley #conservative #interest-rates #early-march #federal-reserve #jpmorgan-chase #senate-democrats #boston-college
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