Tag: march

  • Federal Reserve raised interest rate to 4.75% to 5% in March 2023 meeting

    Federal Reserve continue to see inflation elevated. Their target is 2% to reach price stability. Their believe is w/o price stability businesses will not function. To fight inflation, the committee raised interest rates .25% percent to a range of 4.75% to 5.0%. With the banking closure of SVB and weakening banking sector from deposits moving…