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Federal Reserve Hikes Rate by 25bps to Keep Inflation at Bay, Aims for 2% Inflation Rate by 2025

March 22, 2023

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It’s been a rough two weeks for the U.S. economy after the fall of Silvergate Bank, Silicon Valley Bank, and Signature Bank. After these bank failures took place, the Federal Reserve announced the creation of the Bank Term Funding Program (BTFP) and announced that uninsured depositors of Signature Bank and Silicon Valley would be made whole. After the turmoil in the banking industry, some experts suspected the Fed would not raise the benchmark rate this month.

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