• About
  • Advertise
  • Careers
Tuesday, August 5, 2025
  • Login
No Result
View All Result
Hindustan Surkhiyan
63 °f
Hefei City
  • World
  • USA
  • New York
  • Bangladesh
  • India
  • Sports
  • Entertainment
  • Science & Tech
  • More
    • Opinion
    • Fashion
    • Business & Economy
    • Interview
    • Literature
      • poetry
    • Lifestyle
      • Biography
    • Nature
    • Travels
    • Cartoons
  • বাংলা
  • World
  • USA
  • New York
  • Bangladesh
  • India
  • Sports
  • Entertainment
  • Science & Tech
  • More
    • Opinion
    • Fashion
    • Business & Economy
    • Interview
    • Literature
      • poetry
    • Lifestyle
      • Biography
    • Nature
    • Travels
    • Cartoons
  • বাংলা
No Result
View All Result
Hindustan Surkhiyan
Home Business & Economy

US raises interest rates amid turmoil

March 23, 2023
in Business & Economy, USA
Reading Time: 1 min read
A A
US raises interest rates amid turmoil
6
VIEWS
Share on FacebookShare on Twitter

The US Federal Reserve Bank has raised interest rates again, despite fears that the move could add to financial turmoil after a string of bank failures, reports BBC.

The central bank increased its key rate by 0.25 percentage points, calling the banking system “sound and resilient”.

But it also warned that fallout from the bank failures may hurt economic growth in the months ahead.
The Fed has been raising borrowing costs in a bid to stabilise prices.

But the sharp increase in interest rates since last year has led to strains in the banking system.

Two US banks – Silicon Valley Bank and Signature Bank – collapsed this month, buckling in part due to problems caused by higher interest rates.

There are concerns about the value of bonds held by banks as rising interest rates may make those bonds less valuable.

Banks tend to hold large portfolios of bonds and as a result are sitting on significant potential losses. Falls in the value of bonds held by banks are not necessarily a problem unless they are forced to sell them.

Authorities around the world have said they do not think the failures threaten widespread financial stability and need to distract from efforts to bring inflation under control.

Last week, the European Central Bank raised its key interest rate by 0.5 percentage points.

The Bank of England is due to make its own interest rate decision on Thursday, a day after official figures showed that inflation unexpectedly shot up in February to 10.4%.

Previous Post

Joe Biden greets Muslims on first day of Ramadan

Next Post

Bangladesh make history crushing Ireland by 10 wickets

Related Posts

‘Long Overdue’: Senate Republicans Ram Through Trump’s Foreign Aid Cuts Package

‘Long Overdue’: Senate Republicans Ram Through Trump’s Foreign Aid Cuts Package

July 17, 2025
Cuomo Eyes NYC Mayor’s Seat as Independent — But Faces Hurdles Ahead

Cuomo Eyes NYC Mayor’s Seat as Independent — But Faces Hurdles Ahead

July 13, 2025
Judge Blocks Trump’s Order Restricting Birthright Citizenship

Judge Blocks Trump’s Order Restricting Birthright Citizenship

July 10, 2025
The Fourth of July: The Meaning and Promise of Freedom

The Fourth of July: The Meaning and Promise of Freedom

July 4, 2025
Next Post
Bangladesh make history crushing Ireland by 10 wickets

Bangladesh make history crushing Ireland by 10 wickets

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Most Recent

Jamaica Bangladesh Friends Society Hosts Community BBQ 2025: A Vibrant Celebration of Togetherness in the Diaspora

Jamaica Bangladesh Friends Society Hosts Community BBQ 2025: A Vibrant Celebration of Togetherness in the Diaspora

August 5, 2025
Honoring Detective Didarul Islam: A Solemn Community Vigil in New York

Honoring Detective Didarul Islam: A Solemn Community Vigil in New York

August 4, 2025
Severe Flooding in New York City: Semi-Truck and Numerous Vehicles Trapped on Queens Highway

Severe Flooding in New York City: Semi-Truck and Numerous Vehicles Trapped on Queens Highway

August 1, 2025
Midtown Tragedy: A Hero and Three Innocent Lives Lost in One Day

Midtown Tragedy: A Hero and Three Innocent Lives Lost in One Day

August 1, 2025
A City Bows Its Head: 30,000 Mourn Officer Didarul Islam

A City Bows Its Head: 30,000 Mourn Officer Didarul Islam

July 31, 2025

Follow Us

Shah J. Choudhury
President
Husneara Choudhury
Editor
A Unit of Shah Group
USA Office: 70-52 Broadway 1A, Jackson Heights, NY 11372. Contact:‭ +1 (718) 496-5000.
Bangladesh Office: F-29, Road-01, Sector-02, Aftabnagar, Dhaka-1212.
India Office: 352, Block A, Sector 2, Rohini, New Delhi 110085. Contact: +91 987 343 8786.
Email: hindustansurkhiyan@gmail.com, www.hindustansurkhiyan.com

A Unit of Shah Group
© Copyright 2022, All Rights Reserved by Hindustan Surkhiyan
Privacy Policy   Term & Conditions

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
No Result
View All Result
  • World
  • USA
  • New York
  • Bangladesh
  • India
  • Sports
  • Entertainment
  • Science & Tech
  • More
    • Opinion
    • Fashion
    • Business & Economy
    • Interview
    • Literature
      • poetry
    • Lifestyle
      • Biography
    • Nature
    • Travels
    • Cartoons
  • বাংলা

© Copyright 2022, All Rights Reserved by Hindustan Surkhiyan

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.