The Federal Reserve announced an interest rate hike late Wednesday.

Fed rates hike Latest News today:

In the midst of global banking crises, the US central bank Federal Reserve has increased rates once again.

In the policy meeting on Wednesday, the Fed announced an increase in the interest rate by 0.25 percent.

After this increase, interest rates have now reached between 4.75 to 5 percent, which is the highest level since 2007.

According to banking analysts, the Federal Reserve may increase rates once more this year to control inflation.

When the rates were at this level, Lehman Brothers had sunk and there was economic recession all over the world.

Once again federal reserve interest rates are at the same level and two big banks in America have sunk.

Let us tell you that this week the European Central Bank (ECB) increased the rates by half a percent.

According to experts, to prevent inflation, central banks around the world may increase rates aggressively this year.