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The Federal Reserve Increases Interest Rates, Ignoring the Occurrence of Bank Failures

The Federal Reserve on Wednesday enacted a quarter percentage point interest rate increase, expressing caution about the recent banking crisis and indicating that hikes are nearing an end. The purpose of raising interest rates is to slow down the economy and reduce inflationary pressures, which can harm the economy over the long term. If inflation becomes too high, it can erode the value of savings and investments, reduce purchasing power, and cause economic instability. If the central bank doesn’t correct inflation, the economy cannot perform well, and difficult to invest capital. #FED #federalreserve #federalreservebank #interestrates #jeromepowell #personalfinance #finance #financialeducation #financialliteracy #financialfreedom #ratehikes #ratehike #jeromepowell #interestratehike #interestrates2023... ( read more ) LEARN MORE ABOUT: Bank Failures REVEALED: Best Investment During Inflation HOW TO INVEST IN GOLD: Gold IRA Investing HOW TO INVEST IN SILVE